Three Seasons Wealth LLC Makes New $985,000 Investment in DigitalOcean Holdings, Inc. $DOCN

Three Seasons Wealth LLC purchased a new stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, HoldingsChannel reports. The firm purchased 6,270 shares of the company’s stock, valued at approximately $985,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its stake in DigitalOcean by 54.4% in the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after acquiring an additional 255 shares during the last quarter. Parallel Advisors LLC increased its holdings in DigitalOcean by 66.2% during the 1st quarter. Parallel Advisors LLC now owns 324 shares of the company’s stock valued at $28,000 after acquiring an additional 129 shares in the last quarter. Huntington National Bank raised its position in DigitalOcean by 638.3% during the fourth quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after acquiring an additional 517 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in DigitalOcean during the first quarter worth about $33,000. Finally, Optiver Holding B.V. lifted its holdings in shares of DigitalOcean by 1,063.9% in the first quarter. Optiver Holding B.V. now owns 419 shares of the company’s stock valued at $36,000 after purchasing an additional 383 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.

Insider Buying and Selling

In other DigitalOcean news, CFO Matt Steinfort sold 10,000 shares of DigitalOcean stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $105.73, for a total value of $1,057,300.00. Following the completion of the sale, the chief financial officer directly owned 503,692 shares of the company’s stock, valued at approximately $53,255,355.16. The trade was a 1.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $124.01, for a total value of $520,842.00. Following the completion of 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,641 shares of company stock worth $2,589,317. 0.96% of the stock is owned by insiders.

Analysts Set New Price Targets

DOCN has been the topic of several research reports. Robert W. Baird started coverage on shares of DigitalOcean in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $165.00 price target on the stock. Truist Financial started coverage on DigitalOcean in a research report on Thursday, August 27th. They set a “buy” rating and a $175.00 price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $200.00 target price on shares of DigitalOcean in a research note on Friday, July 10th. Barclays increased their target price on DigitalOcean from $160.00 to $161.00 and gave the company an “overweight” rating in a report on Wednesday, August 5th. Finally, Weiss Ratings raised DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, DigitalOcean presently has a consensus rating of “Buy” and a consensus target price of $152.81.

DigitalOcean Price Performance

DigitalOcean stock opened at $112.42 on Friday. DigitalOcean Holdings, Inc. has a 12-month low of $32.35 and a 12-month high of $187.50. The stock 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 firm’s 50-day moving average is $124.52 and its two-hundred day moving average is $116.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.31 and a quick ratio of 1.31.

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