23,353 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by Kessler Investment Group LLC

Key Points

• Kessler Investment Group acquired 23,353 DigitalOcean shares worth approximately $3.67 million, making DOCN its 21st-largest portfolio holding and representing about 1.6% of its investments.
• DigitalOcean reported quarterly EPS of $0.45, beating the $0.26 consensus estimate, while revenue rose 28.6% year over year to $281.18 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $151.33.
• Insiders sold 43,538 shares worth $6.71 million during the latest quarter, while institutional investors own 49.77% of the company. DOCN opened at $133.18 and remains well below its 52-week high of $187.50.

Kessler Investment Group LLC acquired a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,353 shares of the company's stock, valued at approximately $3,667,000. DigitalOcean accounts for approximately 1.6% of Kessler Investment Group LLC's investment portfolio, making the stock its 21st biggest position.

Other large investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new stake in DigitalOcean in the second quarter worth $38,000. Parallel Advisors LLC grew its holdings in shares of DigitalOcean by 66.2% in the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company's stock valued at $28,000 after buying an additional 129 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of DigitalOcean in the 1st quarter valued at $33,000. Optiver Holding B.V. increased its position in shares of DigitalOcean by 1,063.9% in the 1st quarter. Optiver Holding B.V. now owns 419 shares of the company's stock valued at $36,000 after buying an additional 383 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in DigitalOcean by 14.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company's stock worth $47,000 after buying an additional 71 shares during the period. Institutional investors own 49.77% of the company's stock.

Insider Activity at DigitalOcean

In other news, Director Warren J. Adelman sold 4,200 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $124.01, for a total transaction of $520,842.00. Following the completion of the transaction, the director directly owned 67,433 shares of the company's stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Hilary Schneider sold 4,338 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the transaction, the director directly owned 24,323 shares of the company's stock, valued at $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 43,538 shares of company stock valued at $6,712,418. 0.96% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on DOCN shares. Weiss Ratings lowered DigitalOcean from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, July 28th. Barclays increased their price target on DigitalOcean from $160.00 to $161.00 and gave the stock an "overweight" rating in a report on Wednesday, August 5th. Piper Sandler raised their price target on DigitalOcean from $98.00 to $155.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 5th. KeyCorp assumed coverage on DigitalOcean in a report on Tuesday, June 2nd. They set an "overweight" rating and a $200.00 price objective on the stock. Finally, The Goldman Sachs Group boosted their price objective on DigitalOcean from $78.00 to $179.00 and gave the company a "buy" rating in a research report on Wednesday, May 6th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $151.33.

DigitalOcean Price Performance

DOCN stock opened at $133.18 on Thursday. The stock has a 50-day moving average price of $141.53 and a two-hundred day moving average price of $110.58. The stock has a market cap of $13.90 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 103.46 and a beta of 1.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. DigitalOcean Holdings, Inc. has a 1 year low of $29.62 and a 1 year high of $187.50.

DigitalOcean (NYSE:DOCN - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates 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%.The company's quarterly revenue was up 28.6% compared to the same quarter last year. During the same period in the previous year, the company posted $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 forecast that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current fiscal 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.

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