KBC Group NV Buys 59,575 Shares of DigitalOcean Holdings, Inc. $DOCN

KBC Group NV increased its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 3,187.5% in the first quarter, HoldingsChannel reports. The firm owned 61,444 shares of the company’s stock after buying an additional 59,575 shares during the period. KBC Group NV’s holdings in DigitalOcean were worth $5,271,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DOCN. Principal Financial Group Inc. raised its holdings in DigitalOcean by 155.3% in the first quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after purchasing an additional 674,231 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of DigitalOcean in the 3rd quarter valued at about $21,808,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of DigitalOcean by 90.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock valued at $57,496,000 after buying an additional 568,823 shares in the last quarter. Franklin Resources Inc. grew its position in shares of DigitalOcean by 784.2% in the 4th quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock worth $23,786,000 after buying an additional 438,411 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of DigitalOcean during the 3rd quarter worth approximately $14,582,000. Institutional investors own 49.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DOCN. Bank of America increased their target price on shares of DigitalOcean from $103.00 to $107.00 and gave the company a “buy” rating in a research report on Thursday, April 9th. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and upped their price target for the stock from $135.00 to $160.00 in a research report on Tuesday. Citigroup increased their price objective on DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. UBS Group dropped their target price on DigitalOcean from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, KeyCorp assumed coverage on DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, DigitalOcean has an average rating of “Buy” and a consensus target price of $151.93.

Insider Transactions at DigitalOcean

In related 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 value of $678,376.44. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matt Steinfort sold 10,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 538,414 shares in the company, valued at approximately $91,568,068.98. This represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 39,338 shares of company stock valued at $6,191,576 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

DigitalOcean Stock Performance

Shares of DOCN stock opened at $131.55 on Friday. The business has a fifty day moving average of $151.83 and a 200 day moving average of $103.74. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $187.50. 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 firm has a market capitalization of $13.73 billion, a price-to-earnings ratio of 57.44 and a beta of 1.57.

DigitalOcean (NYSE:DOCN) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.17. The business had revenue of $257.90 million for the quarter, compared to the consensus estimate of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The company’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, research analysts expect that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current year.

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.