Strs Ohio Has $575,000 Position in DigitalOcean Holdings, Inc. $DOCN

Strs Ohio increased its stake in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) by 1,575.0% during the 1st quarter, Holdings Channel reports. The fund owned 6,700 shares of the company’s stock after acquiring an additional 6,300 shares during the period. Strs Ohio’s holdings in DigitalOcean were worth $575,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of DOCN. Allworth Financial LP increased its stake in DigitalOcean by 54.4% in the third quarter. Allworth Financial LP now owns 724 shares of the company’s stock valued at $25,000 after purchasing an additional 255 shares in the last quarter. Huntington National Bank boosted 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 in the last quarter. NBC Securities Inc. bought a new position in shares of DigitalOcean during the 4th quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of DigitalOcean in the 1st quarter valued at about $33,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of DigitalOcean in the 3rd quarter valued at about $37,000. 49.77% of the stock is currently owned by institutional investors and hedge funds.

DigitalOcean Price Performance

DigitalOcean stock opened at $141.13 on Friday. DigitalOcean Holdings, Inc. has a 52 week low of $25.56 and a 52 week high of $187.50. The company’s 50 day moving average price is $155.69 and its two-hundred day moving average price is $98.28. The stock has a market cap of $14.73 billion, a P/E ratio of 61.63 and a beta of 1.57. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.92.

DigitalOcean (NYSE:DOCN) last released 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 company had revenue of $257.90 million during 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%.DigitalOcean’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior 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 analysts predict that DigitalOcean Holdings, Inc. will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Bank of America upped their price target on DigitalOcean from $103.00 to $107.00 and gave the stock a “buy” rating in a research note on Thursday, April 9th. Barclays raised their price objective on DigitalOcean from $183.00 to $184.00 and gave the company an “overweight” rating in a research note on Tuesday. Piper Sandler boosted their price objective on DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Morgan Stanley upped their target price on DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $200.00 target price on shares of DigitalOcean in a report on Thursday, June 11th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $145.36.

Insiders Place Their Bets

In other news, CFO Matt Steinfort sold 25,000 shares of DigitalOcean 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 $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 is available at this hyperlink. Also, Director Hilary Schneider sold 4,338 shares of the business’s 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 in the company, valued at $3,803,630.74. This trade represents a 15.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 39,338 shares of company stock valued at $6,191,576 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.

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.