Key Points
- DigitalOcean director Hilary Schneider sold 4,338 shares on May 15 at an average price of $156.38, generating about $678,376 and reducing her holdings by 15.14%.
- The stock was trading higher, opening at $150.01 and up 1.8%, with shares near their 12-month high of $164.77 after a strong run in recent months.
- DigitalOcean beat earnings estimates in its latest quarter, reporting EPS of $0.44 versus $0.27 expected and revenue growth of 22.4% year over year, while analysts maintain a “Moderate Buy” consensus.
DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) Director Hilary Schneider sold 4,338 shares of the business's 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 transaction, the director directly owned 24,323 shares of the company's stock, valued at $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
DigitalOcean Trading Up 1.8%
Shares of NYSE:DOCN opened at $150.01 on Wednesday. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $164.77. The company has a market capitalization of $15.66 billion, a PE ratio of 65.51 and a beta of 1.42. The business has a 50 day moving average of $99.72 and a two-hundred day moving average of $68.82. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92.
DigitalOcean (NYSE:DOCN - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 $257.91 million during the quarter, compared to the consensus estimate of $249.76 million. During the same period in the previous year, the company posted $0.56 earnings per share. DigitalOcean's revenue for the quarter 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. As a group, analysts forecast that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.
Institutional Trading of DigitalOcean
Several large investors have recently made changes to their positions in DOCN. Allworth Financial LP increased its position in shares of DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company's stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Parallel Advisors LLC increased its position in shares of DigitalOcean by 66.2% during the first quarter. Parallel Advisors LLC now owns 324 shares of the company's stock worth $28,000 after purchasing an additional 129 shares in the last quarter. Huntington National Bank increased its position in shares of DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company's stock worth $29,000 after purchasing an additional 517 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of DigitalOcean during the fourth quarter worth approximately $32,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of DigitalOcean during the first quarter worth approximately $33,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on DOCN shares. Royal Bank Of Canada set a $60.00 price objective on DigitalOcean in a research report on Tuesday, February 24th. Bank of America boosted 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. Barclays boosted their price objective on DigitalOcean from $105.00 to $183.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Piper Sandler boosted their price objective on DigitalOcean from $98.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Finally, Citigroup boosted their price objective on DigitalOcean from $115.00 to $180.00 and gave the company a "buy" rating in a research report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $142.23.
Read Our Latest Analysis on DOCN
About DigitalOcean
(
Get Free Report)
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.
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