Bank of New York Mellon Corp Has $50.79 Million Stock Position in DigitalOcean Holdings, Inc. $DOCN

Bank of New York Mellon Corp reduced its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 9.4% in the 1st quarter, Holdings Channel.com reports. The fund owned 592,076 shares of the company’s stock after selling 61,258 shares during the period. Bank of New York Mellon Corp’s holdings in DigitalOcean were worth $50,788,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP lifted its position in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Huntington National Bank boosted its holdings in 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. bought a new position in DigitalOcean in the fourth quarter valued at $32,000. Banque Cantonale Vaudoise bought a new position in DigitalOcean in the first quarter valued at $33,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in DigitalOcean in the 3rd quarter valued at $37,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

DigitalOcean Stock Performance

Shares of DOCN stock opened at $131.55 on Friday. The company has a fifty day moving average price of $151.83 and a two-hundred day moving average price of $103.74. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $187.50. The stock has a market cap of $13.73 billion, a P/E ratio of 57.44 and a beta of 1.57. 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 released its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same period in the previous year, the business earned $0.56 EPS. DigitalOcean’s revenue for the quarter was up 22.4% compared to the same quarter last year. 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 predict that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

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

Analyst Ratings Changes

Several equities research analysts have commented on DOCN shares. William Blair reissued an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Piper Sandler lifted their target price on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Oppenheimer set a $190.00 target price on DigitalOcean in a report on Wednesday, May 6th. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $160.00 in a research report on Tuesday. Finally, Citigroup raised their price target on DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $151.93.

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.