Northwestern Mutual Wealth Management Co. Has $2.80 Million Holdings in DigitalOcean Holdings, Inc. $DOCN

Northwestern Mutual Wealth Management Co. lessened its position in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 47.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,817 shares of the company’s stock after selling 15,819 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in DigitalOcean were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wedbush Securities Inc. acquired a new stake in shares of DigitalOcean in the second quarter valued at about $378,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of DigitalOcean by 42.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,714 shares of the company’s stock worth $29,634,000 after purchasing an additional 56,527 shares during the last quarter. New Mexico Educational Retirement Board acquired a new position in shares of DigitalOcean during the 2nd quarter worth about $2,670,000. Empowered Funds LLC bought a new stake in DigitalOcean during the 2nd quarter valued at approximately $10,406,000. Finally, Centaurus Financial Inc. bought a new stake in DigitalOcean during the 2nd quarter valued at approximately $388,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Stock Up 2.8%

DOCN opened at $112.42 on Friday. The company has a market capitalization of $11.73 billion, a P/E ratio of 51.33, a P/E/G ratio of 93.65 and a beta of 1.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31. The firm’s fifty day moving average price is $124.52 and its two-hundred day moving average price is $116.97. DigitalOcean Holdings, Inc. has a fifty-two week low of $32.35 and a fifty-two week high of $187.50.

DigitalOcean (NYSE:DOCN) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.19. DigitalOcean had a net margin of 23.26% and a return on equity of 31.01%. The company had revenue of $281.18 million during the quarter, compared to the consensus estimate of $279.03 million. During the same period last year, the firm earned $0.39 EPS. The firm’s revenue for the quarter was up 28.6% compared to the same quarter last year. DigitalOcean has set its FY 2026 guidance at 1.350-1.400 EPS and its Q3 2026 guidance at 0.280-0.300 EPS. On average, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.63 EPS for the current year.

Insider Buying and Selling at DigitalOcean

In other news, CAO Cherie Barrett sold 3,985 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $105.73, for a total value of $421,334.05. Following the sale, the chief accounting officer directly owned 58,399 shares in the company, valued at approximately $6,174,526.27. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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. Also, Director Warren Adelman sold 4,200 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total value of $520,842.00. Following the transaction, the director owned 67,433 shares of the company’s stock, valued at $8,362,366.33. This trade represents a 5.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 22,641 shares of company stock valued at $2,589,317. 0.96% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DOCN has been the topic of several recent analyst reports. Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Barclays increased their price objective on DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a research report on Wednesday, August 5th. KeyCorp began coverage on shares of DigitalOcean in a research report on Tuesday, June 2nd. They set an “overweight” rating and a $200.00 target price on the stock. Robert W. Baird assumed coverage on shares of DigitalOcean in a research note on Tuesday, July 21st. They set an “outperform” rating and a $165.00 target price for the company. Finally, William Blair reissued an “outperform” rating on shares of DigitalOcean in a report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $152.81.

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.