Fifth Third Bancorp Purchases 106,592 Shares of DigitalOcean Holdings, Inc. $DOCN

Fifth Third Bancorp grew its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 1,256.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,073 shares of the company’s stock after acquiring an additional 106,592 shares during the quarter. Fifth Third Bancorp’s holdings in DigitalOcean were worth $9,871,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State of New Jersey Common Pension Fund D purchased a new stake in DigitalOcean in the 4th quarter worth about $2,358,000. New York State Teachers Retirement System lifted its stake in shares of DigitalOcean by 33.0% during the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock worth $2,373,000 after acquiring an additional 12,229 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of DigitalOcean by 266.1% during the 4th quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock worth $8,042,000 after acquiring an additional 121,473 shares during the last quarter. Legato Capital Management LLC purchased a new position in DigitalOcean during the 4th quarter valued at $1,365,000. Finally, Campbell Newman Asset Management Inc. purchased a new position in DigitalOcean during the 4th quarter valued at $2,101,000. Institutional investors own 49.77% of the company’s stock.

DigitalOcean News Roundup

Here are the key news stories impacting DigitalOcean this week:

• Positive Sentiment: KeyCorp raised its earnings estimates for DigitalOcean across multiple periods, including Q2, Q3, Q4, FY2026 and out years through FY2029, while keeping a Strong-Buy rating. Higher EPS forecasts suggest improving profitability expectations, which can support the stock.
• Positive Sentiment: DigitalOcean announced a plan to repurchase up to $500 million of its 2030 convertible senior notes, funded by a concurrent registered offering. Investors may view this as a balance-sheet optimization move that could reduce future dilution and improve capital structure flexibility. Article Title
• Neutral Sentiment: A Yahoo Finance piece argued that DOCN could be 29% undervalued based on 2026 revenue growth guidance. That supports the bull case, but it is an opinion-based valuation view rather than a company announcement. Article Title
• Neutral Sentiment: KeyCorp’s repeated estimate increases also reinforce the view that DigitalOcean’s earnings trajectory may be improving over the next several years, but these are still analyst projections, not actual results.

DigitalOcean Stock Performance

Shares of DOCN stock opened at $119.55 on Thursday. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 52.20 and a beta of 1.57. DigitalOcean Holdings, Inc. has a 52-week low of $25.56 and a 52-week high of $187.50. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The company’s 50 day moving average is $155.54 and its 200 day moving average is $100.40.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.90 million during the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.DigitalOcean’s revenue was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling at DigitalOcean

In related news, Director Hilary Schneider sold 4,338 shares of the company’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the sale, the director directly owned 24,323 shares in the company, valued at $3,803,630.74. This represents a 15.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Matt Steinfort sold 25,000 shares of the firm’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 sale, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 39,338 shares of company stock valued at $6,191,576. Corporate insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America upped their price objective on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a research note on Wednesday, May 6th. Morgan Stanley upped their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Weiss Ratings raised shares of DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, The Goldman Sachs Group lifted their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, DigitalOcean currently has a consensus rating of “Moderate Buy” and an average price target of $145.36.

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.