148,083 Shares in DigitalOcean Holdings, Inc. $DOCN Bought by Summit Creek Advisors LLC

Summit Creek Advisors LLC purchased a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 148,083 shares of the company’s stock, valued at approximately $7,126,000.

A number of other hedge funds have also bought and sold shares of the business. Leonteq Securities AG bought a new stake in DigitalOcean during the fourth quarter worth $90,000. PNC Financial Services Group Inc. lifted its holdings in DigitalOcean by 7.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,913 shares of the company’s stock worth $621,000 after acquiring an additional 906 shares during the period. Handelsbanken Fonder AB lifted its holdings in DigitalOcean by 22.2% during the fourth quarter. Handelsbanken Fonder AB now owns 16,500 shares of the company’s stock worth $794,000 after acquiring an additional 3,000 shares during the period. ProShare Advisors LLC lifted its holdings in DigitalOcean by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 14,073 shares of the company’s stock worth $677,000 after acquiring an additional 899 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in DigitalOcean by 7.8% during the fourth quarter. HighTower Advisors LLC now owns 7,519 shares of the company’s stock worth $362,000 after acquiring an additional 547 shares during the period. 49.77% of the stock is currently owned by institutional investors.

DigitalOcean Stock Performance

Shares of DOCN opened at $160.11 on Thursday. The firm has a market cap of $16.71 billion, a PE ratio of 69.92 and a beta of 1.42. The stock’s fifty day moving average price is $101.77 and its two-hundred day moving average price is $69.68. 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 $164.77.

DigitalOcean (NYSE:DOCN) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.17. The firm had revenue of $257.91 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean had a return on equity of 88.86% and a net margin of 24.97%.The business’s revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 earnings per share. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. On average, equities research analysts forecast that DigitalOcean Holdings, Inc. will post 0.55 EPS for the current year.

Insider Buying and Selling at DigitalOcean

In related news, CFO Matt Steinfort sold 25,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Cherie Barrett sold 22,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $54.77, for a total value of $1,204,940.00. Following the sale, the chief accounting officer owned 62,469 shares in the company, valued at approximately $3,421,427.13. The trade was a 26.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,338 shares of company stock worth $6,803,816 over the last ninety days. 0.96% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on DOCN shares. The Goldman Sachs Group lifted their price target on DigitalOcean from $78.00 to $179.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus set a $57.00 price target on DigitalOcean in a report on Tuesday, February 24th. Piper Sandler lifted their price target on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley lifted their price target on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Barclays boosted their target price on DigitalOcean from $105.00 to $183.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.23.

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.