17,817 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. acquired a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 17,817 shares of the company’s stock, valued at approximately $2,798,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of DigitalOcean by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock worth $11,342,000 after buying an additional 16,162 shares during the period. Intech Investment Management LLC lifted its holdings in DigitalOcean by 59.2% in the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after buying an additional 14,655 shares during the period. Amundi boosted its stake in DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after acquiring an additional 29,107 shares during the last quarter. Jump Financial LLC bought a new position in DigitalOcean in the second quarter valued at approximately $3,212,000. Finally, Qube Research & Technologies Ltd grew its holdings in DigitalOcean by 69.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after acquiring an additional 170,339 shares during the period. 49.77% of the stock is owned by institutional investors.

DigitalOcean Stock Down 3.6%

Shares of NYSE:DOCN opened at $111.53 on Tuesday. DigitalOcean Holdings, Inc. has a 52 week low of $30.36 and a 52 week high of $187.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market capitalization of $11.64 billion, a PE ratio of 50.93, a PEG ratio of 98.99 and a beta of 1.61. The company has a 50 day moving average price of $133.48 and a two-hundred day moving average price of $114.23.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.19. The company had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last 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. Analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Insider Activity at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the transaction, the chief accounting officer directly owned 65,487 shares of the company’s stock, valued at approximately $8,668,514.19. The trade was a 6.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,656 shares of company stock worth $2,811,383 in the last quarter. Corporate insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. William Blair reiterated an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Oppenheimer set a $190.00 price target on DigitalOcean in a research report on Wednesday, May 6th. UBS Group decreased their price objective on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $151.33.

DigitalOcean Company Profile

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.