Wealth High Governance Asset Management Ltda. Makes New $8.99 Million Investment in DigitalOcean Holdings, Inc. $DOCN

Wealth High Governance Asset Management Ltda. bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 104,752 shares of the company’s stock, valued at approximately $8,986,000. DigitalOcean comprises about 3.2% of Wealth High Governance Asset Management Ltda.’s holdings, making the stock its 11th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DOCN. Allworth Financial LP grew its holdings in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares during the period. Parallel Advisors LLC raised its position in DigitalOcean by 66.2% during the first quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares during the period. Huntington National Bank raised its position in shares of DigitalOcean by 638.3% during the 4th 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. acquired a new stake in shares of DigitalOcean in the fourth quarter worth approximately $32,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the first quarter valued at about $33,000. 49.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on DOCN. Bank of America increased their price target on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Weiss Ratings lowered shares of DigitalOcean from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 target price on shares of DigitalOcean in a report on Friday, July 10th. William Blair restated an “outperform” rating on shares of DigitalOcean in a research note on Wednesday, July 15th. Finally, Robert W. Baird assumed coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $151.93.

Insider Buying and Selling

In other DigitalOcean 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 value of $1,700,700.00. Following the sale, the chief financial officer owned 538,414 shares of the company’s stock, valued at approximately $91,568,068.98. The trade was a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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, Director Hilary Schneider sold 4,338 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $156.38, for a total value of $678,376.44. Following the completion of the sale, the director owned 24,323 shares in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 39,338 shares of company stock worth $6,191,576 in the last ninety days. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Price Performance

Shares of NYSE:DOCN opened at $117.28 on Monday. DigitalOcean Holdings, Inc. has a one year low of $25.56 and a one year high of $187.50. The company has a 50-day simple moving average of $147.24 and a 200-day simple moving average of $106.42. 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 stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 51.22 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last announced its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.17. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company had revenue of $257.90 million for the quarter, compared to the consensus estimate of $249.76 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 22.4% on a year-over-year basis. 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, analysts predict that DigitalOcean Holdings, Inc. will post 0.57 EPS for the current year.

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.