State of Wyoming Has $232,000 Holdings in DigitalOcean Holdings, Inc. $DOCN

State of Wyoming lessened its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 58.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,820 shares of the company’s stock after selling 6,832 shares during the quarter. State of Wyoming’s holdings in DigitalOcean were worth $232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank boosted its holdings in shares of 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 buying an additional 517 shares during the period. NBC Securities Inc. acquired a new position in shares of DigitalOcean in the fourth quarter valued at approximately $32,000. Allworth Financial LP boosted its holdings in shares of DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after buying an additional 255 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of DigitalOcean by 164.9% in the fourth quarter. Hantz Financial Services Inc. now owns 898 shares of the company’s stock valued at $43,000 after buying an additional 559 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of DigitalOcean in the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Bank of America upped their price target on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Cantor Fitzgerald upped their price target on shares of DigitalOcean from $68.00 to $83.00 and gave the company an “overweight” rating in a report on Wednesday, February 25th. The Goldman Sachs Group upped their price target on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Piper Sandler boosted their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, KeyCorp initiated coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, DigitalOcean presently has an average rating of “Moderate Buy” and a consensus target price of $146.36.

Insider Activity

In other news, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the transaction, the chief financial officer directly owned 573,272 shares of the company’s stock, valued at $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following the completion of the transaction, the director directly owned 24,323 shares in the company, valued at $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,338 shares of company stock worth $6,191,576 over the last three months. Insiders own 0.96% of the company’s stock.

DigitalOcean Stock Performance

NYSE DOCN opened at $170.56 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The firm’s fifty day moving average price is $127.88 and its two-hundred day moving average price is $82.31. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $184.46. The firm has a market capitalization of $17.80 billion, a P/E ratio of 74.48 and a beta of 1.60.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.17. The firm had revenue of $257.91 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.56 earnings per share. 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, research analysts anticipate that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current year.

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.