Cherie Barrett Sells 4,456 Shares of DigitalOcean (NYSE:DOCN) Stock

DigitalOcean Holdings, Inc. (NYSE:DOCN) CAO Cherie Barrett sold 4,456 shares of the business’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the sale, the chief accounting officer directly owned 65,487 shares of the company’s stock, valued at $8,668,514.19. This represents a 6.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

DigitalOcean Stock Performance

DOCN opened at $125.08 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $13.05 billion, a PE ratio of 57.12, a price-to-earnings-growth ratio of 111.22 and a beta of 1.61. The stock has a 50-day moving average of $138.21 and a 200-day moving average of $112.62. DigitalOcean Holdings, Inc. has a 52-week low of $29.62 and a 52-week high of $187.50.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The business had revenue of $281.18 million for the quarter, compared to the consensus estimate of $279.03 million. During the same period last year, the business earned $0.39 EPS. The firm’s revenue was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on DOCN shares. KeyCorp began coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 price objective for the company. Piper Sandler lifted their target price on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Citigroup boosted their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. Finally, The Goldman Sachs Group raised their price target on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $151.33.

Hedge Funds Weigh In On DigitalOcean

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC acquired a new position in DigitalOcean during the 2nd quarter valued at $10,406,000. Centaurus Financial Inc. acquired a new stake in DigitalOcean in the 2nd quarter worth $388,000. Jefferies Financial Group Inc. acquired a new stake in DigitalOcean in the 2nd quarter worth $2,028,000. Public Employees Retirement System of Ohio acquired a new stake in DigitalOcean in the 2nd quarter worth $3,706,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of DigitalOcean during the 2nd quarter worth about $166,000. Institutional investors own 49.77% 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.