Thrivent Financial for Lutherans Reduces Stake in DigitalOcean Holdings, Inc. $DOCN

Thrivent Financial for Lutherans cut its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 32.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,294 shares of the company’s stock after selling 99,210 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DigitalOcean were worth $9,783,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DOCN. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 valued at $11,342,000 after purchasing an additional 16,162 shares during the period. Intech Investment Management LLC boosted its position in shares of DigitalOcean by 59.2% in the 1st quarter. Intech Investment Management LLC now owns 39,429 shares of the company’s stock valued at $1,317,000 after purchasing an additional 14,655 shares during the period. Amundi boosted its position in shares of DigitalOcean by 126,552.2% in the 2nd 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 period. Jump Financial LLC acquired a new stake in shares of DigitalOcean in the 2nd quarter valued at about $3,212,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of 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 during the period. 49.77% of the stock is owned by institutional investors and hedge funds.

DigitalOcean Price Performance

DigitalOcean stock opened at $150.01 on Wednesday. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $164.77. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50 day simple moving average of $99.72 and a 200-day simple moving average of $68.82. The stock has a market capitalization of $15.66 billion, a PE ratio of 65.51 and a beta of 1.42.

DigitalOcean (NYSE:DOCN) 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. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business had revenue of $257.91 million during the quarter, compared to analysts’ expectations of $249.76 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. Equities analysts predict that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group upped their target price on DigitalOcean to $175.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Oppenheimer set a $190.00 target price on DigitalOcean in a research report on Wednesday, May 6th. Royal Bank Of Canada set a $60.00 target price on DigitalOcean in a research report on Tuesday, February 24th. The Goldman Sachs Group upped their target price on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Bank of America upped their target price on DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Nine analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, DigitalOcean has an average rating of “Moderate Buy” and an average price target of $142.23.

Insider Transactions at DigitalOcean

In other news, Director Hilary Schneider sold 4,338 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the sale, the director owned 24,323 shares in the company, valued at $3,803,630.74. This represents a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matt Steinfort sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief financial officer owned 573,272 shares of the company’s stock, valued at $87,423,980. This trade represents a 4.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 71,338 shares of company stock worth $6,803,816 over the last 90 days. 0.96% of the stock is currently owned by insiders.

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.