Wealth High Governance Capital Ltda Makes New $8.67 Million Investment in DigitalOcean Holdings, Inc. $DOCN

Wealth High Governance Capital Ltda purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 55,222 shares of the company’s stock, valued at approximately $8,672,000. DigitalOcean accounts for approximately 2.6% of Wealth High Governance Capital Ltda’s portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of DigitalOcean by 14.8% in the first quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company’s stock worth $47,000 after purchasing an additional 71 shares during the period. Parallel Advisors LLC boosted its stake in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after purchasing an additional 129 shares during the period. Maryland State Retirement & Pension System boosted its stake in DigitalOcean by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company’s stock valued at $481,000 after purchasing an additional 185 shares during the period. Hilltop National Bank acquired a new stake in DigitalOcean in the 2nd quarter valued at approximately $38,000. Finally, Allworth Financial LP grew its holdings in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the last quarter. 49.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Piper Sandler upped their price target on 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 reiterated a “buy” rating and set a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. Robert W. Baird initiated coverage on shares of DigitalOcean in a report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target for the company. Finally, Morgan Stanley raised their price target on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $151.33.

Insider Buying and Selling

In related news, CFO Matt Steinfort sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 538,414 shares of the company’s stock, valued at $91,568,068.98. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 Warren J. Adelman sold 4,200 shares of DigitalOcean stock in a transaction on Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director owned 67,433 shares in the company, valued at $8,362,366.33. This represents a 5.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 18,656 shares of company stock valued at $2,811,383 over the last ninety days. 0.96% of the stock is owned by company insiders.

DigitalOcean Trading Down 0.4%

DigitalOcean stock opened at $115.12 on Monday. The business has a 50 day moving average price of $134.86 and a two-hundred day moving average price of $113.86. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a 12 month low of $30.05 and a 12 month high of $187.50. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 52.57, a price-to-earnings-growth ratio of 98.99 and a beta of 1.61.

DigitalOcean (NYSE:DOCN) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.19. The company had revenue of $281.18 million for the quarter, compared to analyst estimates of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.DigitalOcean’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same quarter last year, the firm earned $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. As a group, equities analysts forecast that DigitalOcean Holdings, Inc. will post 0.63 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.