DigitalOcean (NYSE:DOCN) Director Hilary Schneider Sells 4,338 Shares of Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) 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 sale, the director directly owned 24,323 shares of the company’s stock, valued at approximately $3,803,630.74. This represents a 15.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $150.01 on Wednesday. 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 market cap of $15.66 billion, a PE ratio of 65.51 and a beta of 1.42. The business has a 50-day simple moving average of $99.72 and a two-hundred day simple moving average of $68.82. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $164.77.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings results 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. The business had revenue of $257.91 million during 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%.The company’s quarterly revenue was up 22.4% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. 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 expect that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On DigitalOcean

A number of institutional investors and hedge funds have recently modified their holdings of DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company’s stock valued at $11,342,000 after acquiring an additional 16,162 shares during the period. Intech Investment Management LLC lifted its holdings in DigitalOcean by 59.2% in the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after acquiring an additional 14,655 shares during the period. Amundi lifted its holdings in DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company’s stock valued at $827,000 after acquiring an additional 29,107 shares during the period. Jump Financial LLC acquired a new position in DigitalOcean in the second quarter valued at approximately $3,212,000. Finally, Qube Research & Technologies Ltd lifted its holdings in DigitalOcean by 69.7% in the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company’s stock valued at $11,842,000 after acquiring an additional 170,339 shares during the period. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DOCN. UBS Group lifted their target price on DigitalOcean to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Canaccord Genuity Group lifted their target price on DigitalOcean from $120.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Citigroup lifted their target price on DigitalOcean from $115.00 to $180.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Citizens Jmp lifted their target price on DigitalOcean from $83.00 to $105.00 and gave the stock a “market outperform” rating in a report on Thursday, March 26th. Finally, Stifel Nicolaus set a $57.00 target price on DigitalOcean in a report on Tuesday, February 24th. Nine research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, DigitalOcean currently has an average rating of “Moderate Buy” and an average target price of $142.23.

About DigitalOcean

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.