49,008 Shares in DigitalOcean Holdings, Inc. $DOCN Acquired by State of New Jersey Common Pension Fund D

Key Points

• State of New Jersey Common Pension Fund D opened a new position in DigitalOcean, buying 49,008 shares (~$2.36M), with institutional investors now owning about 49.77% of the stock.
• DigitalOcean posted a strong Q1—EPS and revenue beat, revenue up ~22% and AI ARR surged ~221%—prompting multiple analyst price‑target raises (up to $200) and a consensus "Moderate Buy" (avg. target $141.08) after management raised FY‑2026 guidance.
• Two senior insiders sold stock recently: CFO Matt Steinfort sold 20,000 shares (~$1.108M) and CAO Cherie Barrett sold 22,000 shares (~$1.205M), leaving insiders with about 0.96% ownership.

State of New Jersey Common Pension Fund D bought a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 49,008 shares of the company's stock, valued at approximately $2,358,000. State of New Jersey Common Pension Fund D owned about 0.05% of DigitalOcean as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company's stock worth $25,000 after acquiring an additional 255 shares during the last quarter. CWM LLC boosted its position in DigitalOcean by 1.3% during the fourth quarter. CWM LLC now owns 20,971 shares of the company's stock worth $1,009,000 after acquiring an additional 270 shares during the last quarter. GAMMA Investing LLC boosted its position in DigitalOcean by 33.8% during the fourth quarter. GAMMA Investing LLC now owns 1,581 shares of the company's stock worth $76,000 after acquiring an additional 399 shares during the last quarter. Man Group plc boosted its position in DigitalOcean by 0.5% during the second quarter. Man Group plc now owns 82,485 shares of the company's stock worth $2,356,000 after acquiring an additional 420 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in DigitalOcean by 2.3% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 19,319 shares of the company's stock worth $930,000 after acquiring an additional 435 shares during the last quarter. Institutional investors and hedge funds own 49.77% of the company's stock.

Insiders Place Their Bets

In other news, CFO Matt Steinfort sold 20,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $55.40, for a total value of $1,108,000.00. Following the transaction, the chief financial officer owned 545,916 shares of the company's stock, valued at approximately $30,243,746.40. This trade represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Cherie Barrett sold 22,000 shares of the firm's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total transaction of $1,204,940.00. Following the completion of the transaction, the chief accounting officer directly owned 62,469 shares in the company, valued at approximately $3,421,427.13. This represents a 26.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on DOCN shares. Canaccord Genuity Group raised their target price on shares of DigitalOcean from $120.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday. Citigroup increased their price target on shares of DigitalOcean from $115.00 to $180.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of DigitalOcean from $78.00 to $179.00 and gave the stock a "buy" rating in a research note on Wednesday. Piper Sandler increased their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Royal Bank Of Canada set a $60.00 price target on shares of DigitalOcean in a research note on Tuesday, February 24th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $141.08.

DigitalOcean Stock Performance

NYSE:DOCN opened at $151.17 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.46 and a debt-to-equity ratio of 0.92. The company has a market cap of $15.78 billion, a P/E ratio of 66.01 and a beta of 1.42. DigitalOcean Holdings, Inc. has a fifty-two week low of $25.56 and a fifty-two week high of $162.00. The firm's 50 day moving average is $83.54 and its two-hundred day moving average is $62.24.

DigitalOcean (NYSE:DOCN - Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The business had revenue of $257.91 million for the quarter, compared to the consensus estimate of $249.76 million. During the same quarter last year, the firm posted $0.56 EPS. The business's revenue for the quarter was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Analysts expect that DigitalOcean Holdings, Inc. will post 0.4 EPS for the current year.

Key DigitalOcean News

Here are the key news stories impacting DigitalOcean this week:

• Positive Sentiment: Q1 beat and AI momentum — DOCN reported Q1 results that topped estimates, with revenue up ~22% and AI ARR surging ~221%; management raised FY‑2026 guidance, underpinning the bullish case. DOCN Q1 Earnings Beat Estimates, Revenues Up AI-Native Customer Demand
• Positive Sentiment: Major analyst upgrade — Citigroup raised its price target to $180 and put a "buy" rating on DOCN, signaling significant upside from current levels. Benzinga
• Positive Sentiment: Analysts lifting forecasts — Multiple analysts raised earnings and revenue forecasts following the strong quarter, reinforcing expectations for sustained AI-driven growth. DigitalOcean Analysts Increase Their Forecasts Following Strong Q1 Results
• Positive Sentiment: Earnings call highlighted AI opportunity — Management’s call emphasized an AI-fueled surge and large addressable opportunity, supporting the long-term growth story. DigitalOcean (DOCN) Earnings Call Signals AI-Fueled Surge
• Positive Sentiment: Coverage highlighting sustained upside — Market commentary argues DigitalOcean is well positioned for continued cash-flow and growth acceleration in coming years due to its AI-native customer traction. DigitalOcean’s AI Surge: How Far Can This Rally Go?
• Neutral Sentiment: UBS raised its target to $160 but kept a "neutral" rating, a mixed signal that may limit upside despite the higher target. DigitalOcean NYSE: DOCN Price Target Raised to $160.00 at UBS Group
• Neutral Sentiment: AI infrastructure push and capital raise — DigitalOcean announced a new AI infrastructure platform alongside a capital raise to support the buildout; this funds growth but may concern investors about dilution or timing. DigitalOcean Expands Into AI Infrastructure With New Platform And Capital Raise
• Negative Sentiment: Profit-taking / valuation concerns — Despite headlines, the stock is lower today, likely driven by profit-taking after a rapid run to new highs and lingering valuation concerns (high P/E), which can outweigh good news in the short term.

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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