Polar Asset Management Partners Inc. Invests $1.29 Million in DigitalOcean Holdings, Inc. $DOCN

Polar Asset Management Partners Inc. bought a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 15,100 shares of the company’s stock, valued at approximately $1,295,000.

A number of other institutional investors also recently added to or reduced their stakes in DOCN. Parallel Advisors LLC grew its holdings in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock worth $28,000 after acquiring an additional 129 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the 1st quarter valued at $33,000. Huntington National Bank lifted its position in shares of DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after purchasing an additional 517 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of DigitalOcean during the fourth quarter worth $32,000. Finally, Allworth Financial LP grew its stake in shares of DigitalOcean by 54.4% during the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after purchasing an additional 255 shares in the last quarter. Hedge funds and other institutional investors own 49.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup raised their price target on DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Piper Sandler upped their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. KeyCorp assumed coverage on DigitalOcean in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price objective on the stock. Robert W. Baird initiated coverage on DigitalOcean in a research report on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price on the stock. Finally, The Goldman Sachs Group boosted their target price on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, DigitalOcean has a consensus rating of “Buy” and a consensus target price of $151.93.

DigitalOcean Price Performance

Shares of DOCN opened at $119.73 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.46 and a quick ratio of 1.46. DigitalOcean Holdings, Inc. has a 1-year low of $25.56 and a 1-year high of $187.50. The stock has a market cap of $12.49 billion, a PE ratio of 52.28 and a beta of 1.57. The firm has a fifty day moving average price of $150.65 and a 200 day moving average price of $104.71.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data 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 return on equity of 88.86% and a net margin of 24.97%.The company had revenue of $257.90 million for the quarter, compared to analyst estimates of $249.76 million. During the same quarter last year, the company posted $0.56 earnings per share. The business’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. As a group, sell-side analysts anticipate that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

In other news, CFO Matt Steinfort sold 25,000 shares of the 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 completion of the sale, the chief financial officer directly owned 573,272 shares of the company’s stock, valued at approximately $87,423,980. This represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of the firm’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 transaction, the director owned 24,323 shares in the company, valued at approximately $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 39,338 shares of company stock worth $6,191,576 in the last 90 days. 0.96% of the stock is currently owned by company 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.