Burns Matteson Capital Management LLC Invests $1.03 Million in DigitalOcean Holdings, Inc. $DOCN

Burns Matteson Capital Management LLC purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 6,588 shares of the company’s stock, valued at approximately $1,035,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its holdings in DigitalOcean by 11.6% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,420,341 shares of the company’s stock worth $116,467,000 after purchasing an additional 252,303 shares in the last quarter. Lazard Asset Management LLC raised its holdings in DigitalOcean by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock valued at $47,430,000 after buying an additional 426,264 shares in the last quarter. Van Berkom & Associates Inc. raised its holdings in DigitalOcean by 2.9% during the fourth quarter. Van Berkom & Associates Inc. now owns 1,610,671 shares of the company’s stock valued at $77,505,000 after buying an additional 45,680 shares in the last quarter. First Trust Advisors LP lifted its position in shares of DigitalOcean by 9.3% in the first quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock worth $123,622,000 after buying an additional 122,675 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of DigitalOcean by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,359,695 shares of the company’s stock worth $65,432,000 after buying an additional 31,682 shares during the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Insiders Place Their Bets

In other DigitalOcean news, Director Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. The trade was a 5.86% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matt Steinfort sold 10,000 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the transaction, the chief financial officer owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 43,538 shares of company stock worth $6,712,418 over the last 90 days. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Price Performance

Shares of DOCN stock opened at $133.18 on Thursday. DigitalOcean Holdings, Inc. has a 12 month low of $29.62 and a 12 month high of $187.50. The company has a market capitalization of $13.90 billion, a P/E ratio of 60.81, a P/E/G ratio of 103.46 and a beta of 1.61. The stock has a 50 day moving average of $141.53 and a two-hundred day moving average of $110.58. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. The business had revenue of $281.18 million for the quarter, compared to analysts’ expectations of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.DigitalOcean’s quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.39 earnings per share. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, equities analysts expect that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

DOCN has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Piper Sandler boosted their target price on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. William Blair reaffirmed an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Weiss Ratings cut DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Finally, Oppenheimer set a $190.00 price target on DigitalOcean in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.33.

About DigitalOcean

DigitalOcean Holdings, Inc is a cloud infrastructure provider that focuses on simplicity, performance and developer experience. The company offers a range of cloud services designed to help software developers, startups and small- to medium-sized businesses deploy, manage and scale applications. Its flagship offering, Droplets, provides virtual private servers that can be configured with various CPU, memory and storage options. In addition to compute instances, DigitalOcean’s platform includes managed Kubernetes, scalable object and block storage, managed databases, load balancers and networking capabilities such as Virtual Private Cloud (VPC) and Floating IPs.

Founded in 2011 and headquartered in New York City, DigitalOcean was created with the goal of making cloud computing more accessible to individual developers and smaller teams.