Mizuho Markets Americas LLC Has $11.15 Million Stock Position in DigitalOcean Holdings, Inc. $DOCN

Mizuho Markets Americas LLC lowered its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 42.2% during the first quarter, Holdings Channel reports. The firm owned 129,943 shares of the company’s stock after selling 94,780 shares during the period. Mizuho Markets Americas LLC’s holdings in DigitalOcean were worth $11,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sei Investments Co. increased its position in DigitalOcean by 82.8% during the first quarter. Sei Investments Co. now owns 370,223 shares of the company’s stock worth $31,758,000 after buying an additional 167,659 shares during the last quarter. State of Wyoming lifted its position in shares of DigitalOcean by 24.7% in the first quarter. State of Wyoming now owns 6,012 shares of the company’s stock worth $516,000 after buying an additional 1,192 shares during the last quarter. First Trust Advisors LP lifted its position in shares of DigitalOcean by 9.3% in the first quarter. First Trust Advisors LP now owns 1,441,151 shares of the company’s stock worth $123,622,000 after buying an additional 122,675 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of DigitalOcean by 12.5% in the first quarter. PNC Financial Services Group Inc. now owns 14,526 shares of the company’s stock worth $1,246,000 after buying an additional 1,613 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of DigitalOcean during the 1st quarter worth about $264,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Trading Down 7.8%

Shares of DOCN stock opened at $131.55 on Friday. DigitalOcean Holdings, Inc. has a 1 year low of $25.56 and a 1 year high of $187.50. The firm’s fifty day simple moving average is $151.83 and its 200 day simple moving average is $103.74. The firm has a market capitalization of $13.73 billion, a P/E ratio of 57.44 and a beta of 1.57. 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 (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. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same period last year, the business posted $0.56 EPS. The business’s quarterly revenue was up 22.4% on a year-over-year basis. 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, sell-side analysts predict that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

DOCN has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price objective on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Citigroup upped their target price on DigitalOcean from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. Canaccord Genuity Group restated a “buy” rating and set a $200.00 price target on shares of DigitalOcean in a report on Friday, July 10th. William Blair reaffirmed an “outperform” rating on shares of DigitalOcean in a research report on Wednesday, July 15th. Finally, UBS Group dropped their price objective on DigitalOcean from $175.00 to $155.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $151.93.

Insider Transactions at DigitalOcean

In other news, CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the sale, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. The trade was a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Hilary Schneider sold 4,338 shares of the stock in a transaction dated 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 transaction, the director directly owned 24,323 shares of the company’s stock, valued at $3,803,630.74. This trade represents a 15.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,338 shares of company stock valued at $6,191,576 over the last ninety days. 0.96% of the stock is owned by insiders.

About DigitalOcean

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.