Corient Private Wealth LP Invests $16.51 Million in DigitalOcean Holdings, Inc. $DOCN

Corient Private Wealth LP acquired a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 105,155 shares of the company’s stock, valued at approximately $16,512,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State of New Jersey Common Pension Fund D acquired a new stake in shares of DigitalOcean during the fourth quarter worth $2,358,000. New York State Teachers Retirement System boosted its position in 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. Legato Capital Management LLC bought a new position in shares of DigitalOcean during the 4th quarter worth approximately $1,365,000. Summit Creek Advisors LLC acquired a new stake in shares of DigitalOcean in the fourth quarter valued at approximately $7,126,000. Finally, Wealth High Governance Asset Management Ltda. bought a new stake in shares of DigitalOcean in the first quarter worth $8,986,000. Institutional investors own 49.77% of the company’s stock.

DigitalOcean Trading Down 8.4%

DOCN stock opened at $111.50 on Friday. DigitalOcean Holdings, Inc. has a one year low of $30.89 and a one year high of $187.50. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 50.91, a price-to-earnings-growth ratio of 104.17 and a beta of 1.61. The company has a fifty day moving average price of $128.72 and a two-hundred day moving average price of $115.41. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31.

DigitalOcean (NYSE:DOCN) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. The company had revenue of $281.18 million during the quarter, compared to analysts’ expectations of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. DigitalOcean’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. Equities analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on DOCN shares. Piper Sandler boosted their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their price target on DigitalOcean from $75.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a research report on Friday, July 10th. Truist Financial began coverage on DigitalOcean in a report on Thursday. They issued a “buy” rating and a $175.00 price objective for the company. Finally, UBS Group lowered their target price on shares of DigitalOcean from $155.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $152.81.

Insider Transactions at DigitalOcean

In related news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the completion of the sale, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Cherie Barrett sold 4,456 shares of DigitalOcean stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,656 shares of company stock worth $2,811,383 over the last quarter. Company insiders own 0.96% 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.