Key Points
- DigitalOcean CFO Matt Steinfort sold 10,000 shares at an average price of $105.73, generating $1.06 million. The transaction occurred under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 503,692 shares.
- DigitalOcean’s latest quarterly results exceeded expectations, with adjusted EPS of $0.45 versus the $0.26 consensus and revenue of $281.18 million, up 28.6% year over year. The company issued fiscal 2026 EPS guidance of $1.35–$1.40.
- Wall Street sentiment remains positive, with the stock holding a consensus “Buy” rating and an average price target of $152.81, compared with a recent opening price of $109.50.
DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) CAO Cherie Barrett sold 3,985 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $421,334.05. Following the transaction, the chief accounting officer owned 58,399 shares in the company, valued at $6,174,526.27. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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.
Cherie Barrett also recently made the following trade(s):
- On Thursday, August 13th, Cherie Barrett sold 4,456 shares of DigitalOcean stock. The shares were sold at an average price of $132.37, for a total value of $589,840.72.
DigitalOcean Stock Up 4.4%
DigitalOcean stock opened at $109.50 on Friday. The stock has a market capitalization of $11.43 billion, a PE ratio of 50.00, a price-to-earnings-growth ratio of 89.78 and a beta of 1.57. DigitalOcean Holdings, Inc. has a 12 month low of $30.89 and a 12 month high of $187.50. The business has a 50 day simple moving average of $125.06 and a 200-day simple moving average of $117.00. 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 - Get Free Report) last announced its earnings results 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 business had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The business's quarterly revenue was up 28.6% on a year-over-year basis. During the same period in the prior 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. On average, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on DOCN shares. Canaccord Genuity Group reissued a "buy" rating and set a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. KeyCorp initiated coverage on shares of DigitalOcean in a research note on Tuesday, June 2nd. They issued an "overweight" rating and a $200.00 price target on the stock. Truist Financial began coverage on DigitalOcean in a report on Thursday, August 27th. They issued a "buy" rating and a $175.00 price objective on the stock. UBS Group cut their price objective on DigitalOcean from $155.00 to $140.00 and set a "neutral" rating for the company in a research note on Wednesday, August 5th. Finally, 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 for the company. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $152.81.
View Our Latest Analysis on DOCN
Institutional Investors Weigh In On DigitalOcean
A number of large investors have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in DigitalOcean by 5.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company's stock valued at $11,342,000 after acquiring an additional 16,162 shares in the last quarter. Intech Investment Management LLC lifted its stake in DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company's stock worth $1,317,000 after purchasing an additional 14,655 shares in the last quarter. Amundi boosted its holdings in shares of DigitalOcean by 126,552.2% during the 2nd quarter. Amundi now owns 29,130 shares of the company's stock worth $827,000 after purchasing an additional 29,107 shares during the last quarter. Jump Financial LLC acquired a new position in shares of DigitalOcean during the 2nd quarter worth approximately $3,212,000. Finally, Qube Research & Technologies Ltd grew its position in shares of DigitalOcean by 69.7% in the second quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company's stock valued at $11,842,000 after purchasing an additional 170,339 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company's stock.
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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