Knights of Columbus Asset Advisors LLC Reduces Stock Position in DigitalOcean Holdings, Inc. $DOCN

Key Points

• Knights of Columbus Asset Advisors cut its DigitalOcean stake by 21.4% in the fourth quarter, selling 15,942 shares and leaving it with 58,695 shares worth about $2.82 million.
• DigitalOcean reported better-than-expected Q1 results, with EPS of $0.44 versus $0.27 expected and revenue of $257.91 million, up 22.4% year over year.
• Analysts remain largely bullish on the stock, with nine Buy ratings and three Holds; the consensus price target is $142.23, even as insiders have recently sold shares.

Knights of Columbus Asset Advisors LLC lowered its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN - Free Report) by 21.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,695 shares of the company's stock after selling 15,942 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.06% of DigitalOcean worth $2,824,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Sterling Investment Advisors Ltd. purchased a new position in DigitalOcean during the 4th quarter valued at $212,000. Hantz Financial Services Inc. lifted its holdings in shares of DigitalOcean by 164.9% in the 4th quarter. Hantz Financial Services Inc. now owns 898 shares of the company's stock worth $43,000 after buying an additional 559 shares during the period. Lisanti Capital Growth LLC purchased a new stake in shares of DigitalOcean in the 4th quarter worth $3,692,000. Legato Capital Management LLC purchased a new stake in shares of DigitalOcean in the 4th quarter worth $1,365,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of DigitalOcean in the 4th quarter worth $2,310,000. Hedge funds and other institutional investors own 49.77% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on DOCN shares. Bank of America upped their target price on DigitalOcean from $103.00 to $107.00 and gave the stock a "buy" rating in a report on Thursday, April 9th. Barclays upped their target price on DigitalOcean from $105.00 to $183.00 and gave the stock an "overweight" rating in a report on Wednesday, May 6th. Royal Bank Of Canada set a $60.00 target price on DigitalOcean in a report on Tuesday, February 24th. Citizens Jmp upped their target price on DigitalOcean from $83.00 to $105.00 and gave the stock a "market outperform" rating in a report on Thursday, March 26th. Finally, Cantor Fitzgerald upped their target price on DigitalOcean from $68.00 to $83.00 and gave the stock an "overweight" rating in a report on Wednesday, February 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $142.23.

DigitalOcean Trading Down 6.3%

DOCN opened at $150.54 on Thursday. The firm has a market cap of $15.71 billion, a price-to-earnings ratio of 65.74 and a beta of 1.42. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $165.99. The stock has a fifty day moving average price of $110.77 and a 200-day moving average price of $73.72.

DigitalOcean (NYSE:DOCN - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. The firm had revenue of $257.91 million during the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business's revenue for the quarter was up 22.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.56 EPS. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, equities research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at DigitalOcean

In other news, CFO Matt Steinfort sold 25,000 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer directly owned 573,272 shares of the company's stock, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Cherie Barrett sold 22,000 shares of the business's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $54.77, for a total value of $1,204,940.00. Following the completion of the transaction, the chief accounting officer directly owned 62,469 shares of the company's stock, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 71,338 shares of company stock valued at $6,803,816. Corporate insiders own 0.96% of the company's stock.

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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