Assenagon Asset Management S.A. Has $2.36 Million Stake in DigitalOcean Holdings, Inc. $DOCN

Assenagon Asset Management S.A. reduced its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 18.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,539 shares of the company’s stock after selling 6,263 shares during the quarter. Assenagon Asset Management S.A.’s holdings in DigitalOcean were worth $2,362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP boosted its position in shares of DigitalOcean by 54.4% during the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Huntington National Bank raised its position in DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock valued at $29,000 after purchasing an additional 517 shares in the last quarter. NBC Securities Inc. acquired a new position in DigitalOcean during the fourth quarter valued at approximately $32,000. Wilmington Savings Fund Society FSB bought a new stake in DigitalOcean during the third quarter worth $37,000. Finally, Transamerica Financial Advisors LLC lifted its stake in DigitalOcean by 417.9% during the fourth quarter. Transamerica Financial Advisors LLC now owns 782 shares of the company’s stock worth $38,000 after purchasing an additional 631 shares during the last quarter. 49.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DOCN. Bank of America lifted their price target on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research note on Thursday, April 9th. Piper Sandler upped their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp began coverage on DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective for the company. Citizens Jmp raised their price objective on DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research note on Thursday, March 26th. Finally, UBS Group lifted their target price on DigitalOcean to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. One 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. Based on data from MarketBeat.com, DigitalOcean has an average rating of “Moderate Buy” and an average price target of $146.36.

Insider Activity

In related news, CFO Matt Steinfort sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 owned 573,272 shares in the company, valued at $87,423,980. This trade represents a 4.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction that occurred 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 owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,338 shares of company stock valued at $6,191,576 over the last quarter. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Up 4.8%

Shares of NYSE:DOCN opened at $157.03 on Wednesday. The company has a fifty day moving average of $149.90 and a 200-day moving average of $93.84. The company has a market capitalization of $16.39 billion, a PE ratio of 68.57 and a beta of 1.60. 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.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data 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 company had revenue of $257.90 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the business posted $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, equities analysts predict that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current fiscal 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.