Ieq Capital LLC Takes Position in DigitalOcean Holdings, Inc. $DOCN

Ieq Capital LLC bought a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 2nd quarter, Holdings Channel.com reports. The firm bought 10,740 shares of the company’s stock, valued at approximately $525,000.

Other hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in DigitalOcean by 5.0% in 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 acquiring an additional 16,162 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of DigitalOcean by 59.2% during the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after acquiring an additional 14,655 shares during the last quarter. Amundi raised its stake in shares of DigitalOcean by 126,552.2% during 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 purchased a new stake in shares of DigitalOcean during the second quarter worth about $3,212,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of DigitalOcean by 69.7% during the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock worth $11,842,000 after purchasing an additional 170,339 shares during the period. 49.77% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director directly owned 67,433 shares in the company, valued at $8,362,366.33. The trade was a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the sale, the chief financial officer owned 538,414 shares in the company, valued at $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 18,656 shares of company stock worth $2,811,383. Company insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

DOCN has been the topic of a number of research analyst reports. Barclays boosted their price target on DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Truist Financial started coverage on DigitalOcean in a report on Thursday. They issued a “buy” rating and a $175.00 price objective for the company. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Finally, UBS Group reduced their target price on DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, DigitalOcean has a consensus rating of “Buy” and a consensus target price of $152.81.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $111.50 on Friday. DigitalOcean Holdings, Inc. has a 1 year low of $30.89 and a 1 year high of $187.50. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The company’s 50-day moving average is $128.72 and its 200 day moving average is $115.41. The stock has a market capitalization of $11.64 billion, a P/E ratio of 50.91, a P/E/G ratio of 104.17 and a beta of 1.61.

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

DigitalOcean 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.