Algert Global LLC Makes New $7.98 Million Investment in DigitalOcean Holdings, Inc. $DOCN

Key Points

• Algert Global LLC acquired a new 50,810-share stake in DigitalOcean during the second quarter, valued at approximately $7.98 million. Institutional investors collectively own 49.77% of the company.
• DigitalOcean reported quarterly earnings of $0.45 per share, beating estimates of $0.26, while revenue rose 28.6% year over year to $281.18 million. The company issued fiscal 2026 EPS guidance of $1.35–$1.40.
• Analysts maintain a consensus “Buy” rating with an average price target of $151.33, although insider selling continued, including stock sales by the chief accounting officer and CFO under pre-arranged trading plans.

Algert Global LLC bought a new stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,810 shares of the company's stock, valued at approximately $7,979,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in DigitalOcean by 5.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 339,670 shares of the company's stock worth $11,342,000 after acquiring an additional 16,162 shares in the last quarter. Intech Investment Management LLC increased its position in DigitalOcean by 59.2% during the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company's stock valued at $1,317,000 after buying an additional 14,655 shares in the last quarter. Amundi boosted its holdings in DigitalOcean by 126,552.2% in the second quarter. Amundi now owns 29,130 shares of the company's stock valued at $827,000 after purchasing an additional 29,107 shares during the last quarter. Jump Financial LLC acquired a new position in shares of DigitalOcean during the 2nd quarter worth approximately $3,212,000. Finally, Qube Research & Technologies Ltd lifted its holdings in DigitalOcean by 69.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 414,643 shares of the company's stock valued at $11,842,000 after purchasing an additional 170,339 shares in the last quarter. Institutional investors own 49.77% of the company's stock.

Insider Activity

In other news, CAO Cherie Barrett sold 4,456 shares of the firm's stock in a transaction on 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 sale, the chief accounting officer owned 65,487 shares of the company's stock, valued at $8,668,514.19. This trade represents a 6.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $170.07, for a total value of $1,700,700.00. Following the transaction, the chief financial officer directly owned 538,414 shares in the company, valued at approximately $91,568,068.98. This trade represents a 1.82% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders have sold 18,656 shares of company stock worth $2,811,383 over the last 90 days. 0.96% of the stock is owned by company insiders.

DigitalOcean Stock Performance

DigitalOcean stock opened at $115.05 on Thursday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. DigitalOcean Holdings, Inc. has a 12 month low of $30.76 and a 12 month high of $187.50. The company has a fifty day moving average price of $130.98 and a two-hundred day moving average price of $115.03. The company has a market cap of $12.01 billion, a PE ratio of 52.53, a P/E/G ratio of 96.37 and a beta of 1.61.

DigitalOcean (NYSE:DOCN - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.19. The firm 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 firm's revenue for the quarter was up 28.6% on a year-over-year basis. During the same period last year, the company earned $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. Research analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on DOCN. 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 report on Wednesday, May 6th. Barclays raised their price objective on shares of DigitalOcean from $160.00 to $161.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 5th. William Blair restated an "outperform" rating on shares of DigitalOcean in a report on Wednesday, July 15th. UBS Group cut their price objective on shares of DigitalOcean from $155.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Finally, Morgan Stanley boosted their price target on DigitalOcean from $75.00 to $175.00 and gave the company an "overweight" rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $151.33.

DigitalOcean Company 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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