25,494 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by Ausbil Investment Management Ltd

Key Points

• Ausbil Investment Management acquired 25,494 DigitalOcean shares worth approximately $3.4 million, making DOCN about 1.7% of its portfolio. Institutional investors and hedge funds collectively own 49.77% of the company.
• DigitalOcean reported quarterly EPS of $0.45, beating estimates of $0.26, while revenue rose 28.6% year over year to $281.18 million. The company provided fiscal 2026 EPS guidance of $1.35–$1.40.
• DOCN shares opened at $127.44 after declining 2.7%; analysts maintain a “Moderate Buy” consensus with an average price target of $152.81, while insiders sold 22,641 shares worth about $2.59 million during the latest quarter.

Ausbil Investment Management Ltd purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 25,494 shares of the company's stock, valued at approximately $3,401,000. DigitalOcean comprises about 1.7% of Ausbil Investment Management Ltd's investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DOCN. Elevation Wealth Partners LLC boosted its stake in DigitalOcean by 175.0% during the third quarter. Elevation Wealth Partners LLC now owns 616 shares of the company's stock worth $82,000 after buying an additional 392 shares during the last quarter. MRA Advisory Group increased its stake in shares of DigitalOcean by 46.0% in the 3rd quarter. MRA Advisory Group now owns 13,570 shares of the company's stock worth $1,810,000 after acquiring an additional 4,273 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of DigitalOcean in the 2nd quarter worth $249,000. Sequoia Financial Advisors LLC purchased a new position in shares of DigitalOcean during the 2nd quarter worth $475,000. Finally, Engineers Gate Manager LP acquired a new position in shares of DigitalOcean during the 2nd quarter valued at about $1,647,000. Institutional investors and hedge funds own 49.77% of the company's stock.

DigitalOcean Trading Down 2.7%

Shares of DOCN stock opened at $127.44 on Thursday. DigitalOcean Holdings, Inc. has a fifty-two week low of $37.09 and a fifty-two week high of $187.50. The company has a 50 day moving average price of $125.65 and a 200 day moving average price of $128.38. The stock has a market capitalization of $13.30 billion, a P/E ratio of 58.19, a price-to-earnings-growth ratio of 111.40 and a beta of 1.70. 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 (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 the consensus estimate of $0.26 by $0.19. The company had revenue of $281.18 million during the quarter, compared to analysts' expectations of $279.03 million. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The firm's revenue was up 28.6% compared to the same quarter last year. During the same quarter last 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. Equities research analysts predict that DigitalOcean Holdings, Inc. will post 0.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Cherie Barrett sold 3,985 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $421,334.05. Following the completion of the transaction, the chief accounting officer directly owned 58,399 shares of the company's stock, valued at approximately $6,174,526.27. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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. Also, Director Warren J. Adelman sold 4,200 shares of the company's stock in a transaction that occurred 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. The trade was a 5.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,641 shares of company stock worth $2,589,317 in the last quarter. 0.96% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DOCN shares. William Blair reissued an "outperform" rating on shares of DigitalOcean in a research note on Wednesday, July 15th. UBS Group reduced their target price on DigitalOcean from $155.00 to $140.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Canaccord Genuity Group reissued a "buy" rating and set a $200.00 price objective on shares of DigitalOcean in a research report on Friday, July 10th. Citigroup upped their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Finally, Barclays upped their price target on DigitalOcean from $160.00 to $161.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $152.81.

About DigitalOcean

DigitalOcean Holdings, Inc NYSE: DOCN provides cloud computing services designed primarily for developers, startups, and small and midsize businesses. Its platform offers on-demand infrastructure and software tools intended to simplify the development, deployment, and management of applications.

The company's services include cloud compute through Droplets, managed Kubernetes, managed databases, object and block storage, networking, and the App Platform for deploying applications. DigitalOcean also provides developer tools, tutorials, support, and other resources intended to help customers build and scale digital products without managing traditional data-center infrastructure.

Founded in 2011 and headquartered in New York City, DigitalOcean serves customers internationally through cloud infrastructure and data-center regions located in North America, Europe, and Asia.

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