Elevation Point Wealth Partners LLC Invests $357,000 in DigitalOcean Holdings, Inc. $DOCN

Elevation Point Wealth Partners LLC purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,166 shares of the company’s stock, valued at approximately $357,000.

Other institutional investors also recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new stake in shares of DigitalOcean in the third quarter worth approximately $21,808,000. Arrowstreet Capital Limited Partnership lifted its position in DigitalOcean by 90.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock valued at $57,496,000 after purchasing an additional 568,823 shares during the period. Franklin Resources Inc. lifted its position in DigitalOcean by 784.2% during the fourth quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock valued at $23,786,000 after purchasing an additional 438,411 shares during the period. Danske Bank A S purchased a new stake in DigitalOcean in the third quarter worth approximately $14,582,000. Finally, Lazard Asset Management LLC boosted its holdings in DigitalOcean by 34.5% in the second quarter. Lazard Asset Management LLC now owns 1,660,731 shares of the company’s stock worth $47,430,000 after purchasing an additional 426,264 shares during the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.

DigitalOcean Trading Up 0.5%

Shares of DigitalOcean stock opened at $141.13 on Friday. The company’s fifty day simple moving average is $155.69 and its 200-day simple moving average is $98.28. The stock has a market capitalization of $14.73 billion, a PE ratio of 61.63 and a beta of 1.57. DigitalOcean Holdings, Inc. has a 1-year low of $25.56 and a 1-year high of $187.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The firm had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. During the same period in the prior year, the business posted $0.56 EPS. DigitalOcean’s revenue was up 22.4% on a year-over-year basis. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, equities analysts anticipate that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Activity

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total value of $1,700,700.00. Following the completion of 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. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 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. Also, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares in the company, valued at $3,803,630.74. This trade represents a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 39,338 shares of company stock valued at $6,191,576 in the last three months. 0.96% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research note on Wednesday, May 6th. Barclays lifted their price objective on DigitalOcean from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Tuesday. Canaccord Genuity Group reiterated a “buy” rating and set a $200.00 price objective on shares of DigitalOcean in a research report on Thursday, June 11th. KeyCorp started coverage on DigitalOcean in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 target price on the stock. Finally, Citizens Jmp raised their target price on DigitalOcean from $83.00 to $105.00 and gave the stock a “market outperform” rating in a research report on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, DigitalOcean has an average rating of “Moderate Buy” and an average target price of $145.36.

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.