Alpine Global Management LLC Buys New Position in DigitalOcean Holdings, Inc. $DOCN

Alpine Global Management LLC purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,000 shares of the company’s stock, valued at approximately $577,000.

A number of other large investors have also modified their holdings of the business. Pacer Advisors Inc. lifted its position in DigitalOcean by 225.7% during the 4th quarter. Pacer Advisors Inc. now owns 16,426 shares of the company’s stock worth $790,000 after acquiring an additional 11,382 shares during the period. Invesco Ltd. increased its holdings in shares of DigitalOcean by 12.3% in the fourth quarter. Invesco Ltd. now owns 288,571 shares of the company’s stock valued at $13,886,000 after purchasing an additional 31,618 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of DigitalOcean in the fourth quarter worth about $400,000. Vident Advisory LLC purchased a new position in shares of DigitalOcean in the fourth quarter worth about $438,000. Finally, Mackenzie Financial Corp acquired a new stake in shares of DigitalOcean during the fourth quarter worth about $209,000. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer owned 538,414 shares of the company’s stock, valued at $91,568,068.98. This represents a 1.82% decrease in their ownership of the stock. 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. In the last three months, insiders sold 39,338 shares of company stock valued at $6,191,576. 0.96% of the stock is owned by insiders.

DigitalOcean Stock Down 2.6%

DOCN opened at $173.11 on Friday. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $187.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. The company has a fifty day moving average of $138.33 and a two-hundred day moving average of $87.81. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 75.59 and a beta of 1.60.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.17. The firm had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.DigitalOcean’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, research analysts expect that DigitalOcean Holdings, Inc. will post 0.54 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Morgan Stanley upped their target price on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Citigroup raised their price target on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. KeyCorp initiated coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective for the company. Bank of America upped their price objective on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Finally, Oppenheimer set a $190.00 price objective on shares of DigitalOcean in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, DigitalOcean currently has a consensus rating of “Moderate Buy” and an average target price of $146.36.

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.