96,679 Shares in DigitalOcean Holdings, Inc. $DOCN Purchased by Deutsche Bank AG

Deutsche Bank AG purchased a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 96,679 shares of the company's stock, valued at approximately $15,182,000. Deutsche Bank AG owned 0.09% of DigitalOcean as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DOCN. EverSource Wealth Advisors LLC grew its holdings in shares of DigitalOcean by 14.8% during the first quarter. EverSource Wealth Advisors LLC now owns 551 shares of the company's stock worth $47,000 after purchasing an additional 71 shares in the last quarter. Parallel Advisors LLC raised its stake in DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company's stock valued at $28,000 after purchasing an additional 129 shares in the last quarter. Maryland State Retirement & Pension System lifted its position in DigitalOcean by 1.9% during the fourth quarter. Maryland State Retirement & Pension System now owns 10,001 shares of the company's stock valued at $481,000 after purchasing an additional 185 shares during the last quarter. Hilltop National Bank bought a new stake in DigitalOcean during the second quarter valued at approximately $38,000. Finally, Allworth Financial LP grew its stake in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company's stock worth $25,000 after buying an additional 255 shares in the last quarter. 49.77% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at DigitalOcean

In other DigitalOcean news, CAO Cherie Barrett sold 4,456 shares of the business's stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $132.37, for a total value of $589,840.72. Following the completion of the transaction, the chief accounting officer owned 65,487 shares of the company's stock, valued at approximately $8,668,514.19. The trade was a 6.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of the business's stock in a transaction that occurred on 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 directly owned 538,414 shares of the company's stock, valued at $91,568,068.98. The trade was a 1.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last three months, insiders have sold 18,656 shares of company stock valued at $2,811,383. 0.96% of the stock is owned by corporate insiders.

DigitalOcean Trading Up 0.7%

NYSE:DOCN opened at $115.12 on Friday. The company has a 50-day moving average price of $134.86 and a 200-day moving average price of $113.48. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 52.57, a P/E/G ratio of 98.99 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 12 month low of $30.05 and a 12 month high of $187.50.

DigitalOcean (NYSE:DOCN - Get Free Report) last released its 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. DigitalOcean had a return on equity of 31.01% and a net margin of 23.26%.The company had revenue of $281.18 million during the quarter, compared to analysts' expectations of $279.03 million. During the same quarter last year, the business posted $0.39 EPS. The firm's revenue for the quarter 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. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of DigitalOcean from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. William Blair reaffirmed an "outperform" rating on shares of DigitalOcean in a report on Wednesday, July 15th. Morgan Stanley upped their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 6th. Piper Sandler increased their target price on DigitalOcean from $98.00 to $155.00 and gave the company a "neutral" rating in a research note on Tuesday, May 5th. Finally, Oppenheimer set a $190.00 price target on DigitalOcean in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, DigitalOcean has a consensus rating of "Buy" and an average target price of $151.33.

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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