Cherie Barrett Sells 3,985 Shares of DigitalOcean (NYSE:DOCN) Stock

Key Points

• DigitalOcean CAO Cherie Barrett sold 3,985 shares for approximately $421,334 under a pre-arranged Rule 10b5-1 plan. The sale covered tax withholding obligations tied to vested equity awards and reduced her position by 6.39%.
• DigitalOcean reported quarterly EPS of $0.45, beating estimates of $0.26, while revenue rose 28.6% year over year to $281.18 million. The company posted a 23.26% net margin and issued fiscal 2026 EPS guidance of $1.35–$1.40.
• Analyst sentiment remains positive, with the stock carrying a consensus “Buy” rating and an average price target of $152.81, versus a reported trading price of $109.50.

DigitalOcean Holdings, Inc. (NYSE:DOCN - Get Free Report) CAO Cherie Barrett sold 3,985 shares of DigitalOcean stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total transaction of $421,334.05. Following the sale, the chief accounting officer directly owned 58,399 shares of the company's stock, valued at $6,174,526.27. The trade was a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available 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.

Cherie Barrett also recently made the following trade(s):

• On Thursday, August 13th, Cherie Barrett sold 4,456 shares of DigitalOcean stock. The shares were sold at an average price of $132.37, for a total value of $589,840.72.

DigitalOcean Stock Performance

Shares of DOCN traded up $4.63 during midday trading on Thursday, reaching $109.50. 1,846,413 shares of the stock were exchanged, compared to its average volume of 2,135,332. The stock's 50 day simple moving average is $125.06 and its 200 day simple moving average is $117.00. The company has a market cap of $11.43 billion, a P/E ratio of 50.00, a PEG ratio of 89.78 and a beta of 1.57. DigitalOcean Holdings, Inc. has a twelve month low of $30.89 and a twelve month high of $187.50. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.14.

DigitalOcean (NYSE:DOCN - Get Free Report) last issued its quarterly earnings data 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. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The business had revenue of $281.18 million during the quarter, compared to analysts' expectations of $279.03 million. During the same quarter in the previous year, the company earned $0.39 EPS. The business's revenue was up 28.6% on a year-over-year basis. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. On average, sell-side analysts expect that DigitalOcean Holdings, Inc. will post 0.63 earnings per share for the current year.

Institutional Trading of DigitalOcean

Several hedge funds and other institutional investors have recently made changes to their positions in DOCN. Allworth Financial LP boosted its position in DigitalOcean by 54.4% during the 3rd quarter. Allworth Financial LP now owns 724 shares of the company's stock worth $25,000 after buying an additional 255 shares during the period. Parallel Advisors LLC grew its stake in shares of DigitalOcean by 66.2% in the first quarter. Parallel Advisors LLC now owns 324 shares of the company's stock worth $28,000 after purchasing an additional 129 shares during the last quarter. Huntington National Bank increased its holdings in DigitalOcean by 638.3% in the fourth quarter. Huntington National Bank now owns 598 shares of the company's stock valued at $29,000 after purchasing an additional 517 shares during the period. Banque Cantonale Vaudoise bought a new position in DigitalOcean during the 1st quarter worth $33,000. Finally, Optiver Holding B.V. lifted its holdings in DigitalOcean by 1,063.9% during the 1st quarter. Optiver Holding B.V. now owns 419 shares of the company's stock worth $36,000 after buying an additional 383 shares during the period. 49.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DOCN. Citigroup boosted their target price on shares of DigitalOcean from $185.00 to $190.00 and gave the company a "buy" rating in a research report on Wednesday, August 5th. Weiss Ratings raised DigitalOcean from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Robert W. Baird initiated coverage on DigitalOcean in a research note on Tuesday, July 21st. They issued an "outperform" rating and a $165.00 price objective on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $200.00 target price on shares of DigitalOcean in a research report on Friday, July 10th. Finally, Stifel Nicolaus upgraded shares of DigitalOcean from a "hold" rating to a "buy" rating and raised their price target for the company from $135.00 to $160.00 in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, DigitalOcean presently has a consensus rating of "Buy" and an average price target of $152.81.

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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