Key Points
- DigitalOcean director Warren Adelman sold 4,200 shares at an average price of $124.01, generating $520,842 and reducing his stake by 5.86% to 67,433 shares.
- DigitalOcean reported quarterly EPS of $0.45, exceeding the $0.26 consensus estimate, while revenue rose 28.6% year over year to $281.18 million. The company issued fiscal 2026 EPS guidance of $1.35–$1.40.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $151.33, while institutional investors own approximately 49.77% of the company.
DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) Director Warren 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 completion of the sale, the director owned 67,433 shares of the company's stock, valued at approximately $8,362,366.33. This trade represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
DigitalOcean Price Performance
DOCN opened at $120.68 on Wednesday. The company has a market capitalization of $12.59 billion, a P/E ratio of 55.10, a PEG ratio of 121.20 and a beta of 1.61. The company has a 50-day moving average of $142.34 and a 200-day moving average of $110.03. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.31 and a current ratio of 1.31. DigitalOcean Holdings, Inc. has a 1-year low of $28.79 and a 1-year high of $187.50.
DigitalOcean (NYSE:DOCN - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating 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 net margin of 23.26% and a return on equity of 31.01%. DigitalOcean's revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 earnings per share. 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 expect that DigitalOcean Holdings, Inc. will post 0.58 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of DigitalOcean by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company's stock worth $11,342,000 after buying an additional 16,162 shares during the period. Intech Investment Management LLC raised its position in DigitalOcean by 59.2% during the first quarter. Intech Investment Management LLC now owns 39,429 shares of the company's stock valued at $1,317,000 after buying an additional 14,655 shares during the period. Amundi raised its position in DigitalOcean by 126,552.2% during the second quarter. Amundi now owns 29,130 shares of the company's stock valued at $827,000 after buying an additional 29,107 shares during the period. Jump Financial LLC purchased a new stake in DigitalOcean in the 2nd quarter worth about $3,212,000. Finally, Qube Research & Technologies Ltd lifted its stake in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company's stock worth $11,842,000 after acquiring an additional 170,339 shares in the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
DOCN has been the topic of several research analyst reports. Piper Sandler lifted their price target on DigitalOcean from $98.00 to $155.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. KeyCorp began coverage on DigitalOcean in a report on Tuesday, June 2nd. They issued an "overweight" rating and a $200.00 price objective for the company. Morgan Stanley raised their target price on DigitalOcean from $75.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, May 6th. Robert W. Baird began coverage on DigitalOcean in a report on Tuesday, July 21st. They set an "outperform" rating and a $165.00 target price on the stock. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $200.00 price target on shares of DigitalOcean in a research report on Friday, July 10th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, DigitalOcean has a consensus rating of "Moderate Buy" and an average price target of $151.33.
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About DigitalOcean
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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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