Sanctuary Advisors LLC Makes New $1.28 Million Investment in DigitalOcean Holdings, Inc. $DOCN

Sanctuary Advisors LLC purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,143 shares of the company’s stock, valued at approximately $1,279,000.

Other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after buying an additional 255 shares in the last quarter. Parallel Advisors LLC grew its position in DigitalOcean by 66.2% during the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after buying an additional 129 shares in the last quarter. Huntington National Bank increased its stake in DigitalOcean by 638.3% in the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after acquiring an additional 517 shares during the last quarter. NBC Securities Inc. bought a new position in DigitalOcean in the 4th quarter worth about $32,000. Finally, Banque Cantonale Vaudoise bought a new position in DigitalOcean in the 1st quarter worth about $33,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

DigitalOcean Price Performance

DOCN opened at $121.76 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $12.71 billion, a P/E ratio of 55.60, a PEG ratio of 98.44 and a beta of 1.61. The stock has a 50-day moving average price of $129.95 and a 200-day moving average price of $115.44. DigitalOcean Holdings, Inc. has a 12-month low of $30.89 and a 12-month high of $187.50.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. The company 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 revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DOCN shares. Morgan Stanley lifted their price target on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Piper Sandler upped their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp initiated coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus raised shares of DigitalOcean from a “hold” rating to a “buy” rating and boosted their price target for the stock from $135.00 to $160.00 in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $152.81.

Insiders Place Their Bets

In other news, Director Warren J. Adelman sold 4,200 shares of the company’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 completion of the sale, the director owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. This represents a 5.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 transaction, the chief financial officer directly owned 538,414 shares in the company, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Over the last ninety days, insiders have sold 18,656 shares of company stock valued at $2,811,383. 0.96% of the stock is currently owned by corporate insiders.

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.