9,297 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by MRA Advisory Group

Key Points

• MRA Advisory Group acquired 9,297 DigitalOcean shares worth approximately $1.46 million in the second quarter. Other institutions also increased or initiated positions, with institutional investors owning 49.77% of DOCN.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $151.33. Recent targets range from $155 to $200, although Weiss Ratings downgraded the stock to “hold.”
• DigitalOcean reported quarterly EPS of $0.45, beating estimates of $0.26, while revenue rose 28.6% year over year to $281.18 million. Shares opened at $124.16, compared with a 12-month range of $28.79 to $187.50.

MRA Advisory Group acquired a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,297 shares of the company's stock, valued at approximately $1,460,000.

Several other large investors have also bought and sold shares of DOCN. FNY Investment Advisers LLC purchased a new position in shares of DigitalOcean during the 2nd quarter worth approximately $449,000. GAMMA Investing LLC lifted its stake in shares of DigitalOcean by 18.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,608 shares of the company's stock valued at $410,000 after purchasing an additional 398 shares during the period. Harbor Investment Advisory LLC bought a new stake in shares of DigitalOcean during the second quarter valued at approximately $121,000. CoreCap Advisors LLC boosted its position in shares of DigitalOcean by 1,611.4% during the second quarter. CoreCap Advisors LLC now owns 2,550 shares of the company's stock valued at $400,000 after purchasing an additional 2,401 shares in the last quarter. Finally, Hilltop National Bank purchased a new stake in DigitalOcean in the second quarter worth $38,000. 49.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DOCN has been the subject of a number of research reports. Oppenheimer set a $190.00 price objective on DigitalOcean in a report on Wednesday, May 6th. KeyCorp initiated coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They issued an "overweight" rating and a $200.00 target price on the stock. 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, May 5th. Barclays lifted their price target on shares of DigitalOcean from $160.00 to $161.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Weiss Ratings lowered shares of DigitalOcean from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Two investment 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 company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $151.33.

Insider Buying and Selling at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of the company's stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total transaction of $1,700,700.00. Following the transaction, the chief financial officer owned 538,414 shares in the company, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Hilary Schneider sold 4,338 shares of the firm's stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the sale, the director directly owned 24,323 shares in the company, valued at approximately $3,803,630.74. The trade was a 15.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 39,338 shares of company stock worth $6,191,576 over the last ninety days. 0.96% of the stock is currently owned by insiders.

DigitalOcean Price Performance

Shares of NYSE DOCN opened at $124.16 on Friday. DigitalOcean Holdings, Inc. has a twelve month low of $28.79 and a twelve month high of $187.50. The firm has a market cap of $12.96 billion, a P/E ratio of 56.69, a PEG ratio of 111.35 and a beta of 1.61. The company has a 50 day moving average of $144.25 and a 200 day moving average of $108.58. The company has a quick ratio of 1.46, a current ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.19. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The business had revenue of $281.18 million during the quarter, compared to analyst estimates of $279.03 million. During the same quarter last year, the company earned $0.39 EPS. The company's quarterly revenue was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. As a group, research analysts expect that DigitalOcean Holdings, Inc. will post 0.59 EPS for the current fiscal year.

DigitalOcean Profile

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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