Arrowstreet Capital Limited Partnership Sells 5,963 Shares of DigitalOcean Holdings, Inc. $DOCN

Arrowstreet Capital Limited Partnership lessened its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 0.5% during the 1st quarter, Holdings Channel reports. The firm owned 1,188,882 shares of the company’s stock after selling 5,963 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in DigitalOcean were worth $101,982,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DOCN. Parallel Advisors LLC boosted its holdings in shares of DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Banque Cantonale Vaudoise acquired a new position in DigitalOcean in the first quarter worth $33,000. Huntington National Bank grew its holdings in shares of DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares during the last quarter. NBC Securities Inc. acquired a new stake in shares of DigitalOcean in the fourth quarter valued at $32,000. Finally, Allworth Financial LP increased its stake in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares in the last quarter. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Price Performance

Shares of DOCN stock opened at $123.65 on Friday. The firm’s 50 day moving average price is $151.20 and its two-hundred day moving average price is $103.88. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.46 and a current ratio of 1.46. DigitalOcean Holdings, Inc. has a 52-week low of $25.56 and a 52-week high of $187.50. The stock has a market cap of $12.90 billion, a PE ratio of 53.99 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (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 business had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same period last year, the company earned $0.56 EPS. The firm’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, analysts forecast that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Oppenheimer set a $190.00 price target on shares of DigitalOcean in a research report on Wednesday, May 6th. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and raised their price objective for the company from $135.00 to $160.00 in a research report on Tuesday. KeyCorp assumed coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Morgan Stanley increased their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Finally, Piper Sandler raised their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $151.93.

Insider Activity

In other DigitalOcean news, Director Hilary Schneider sold 4,338 shares of the stock in a transaction on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the sale, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Matt Steinfort sold 25,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer directly owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,338 shares of company stock worth $6,191,576 in the last three months. Insiders own 0.96% of the company’s stock.

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.