Entropy Technologies LP Acquires 9,747 Shares of DigitalOcean Holdings, Inc. $DOCN

Entropy Technologies LP boosted its stake in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 35.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,337 shares of the company’s stock after acquiring an additional 9,747 shares during the period. Entropy Technologies LP’s holdings in DigitalOcean were worth $3,203,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of DigitalOcean by 155.3% in the 1st quarter. Principal Financial Group Inc. now owns 1,108,420 shares of the company’s stock worth $95,080,000 after purchasing an additional 674,231 shares during the period. Alyeska Investment Group L.P. bought a new position in DigitalOcean during the third quarter valued at $21,808,000. Arrowstreet Capital Limited Partnership increased its position in DigitalOcean by 90.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,194,845 shares of the company’s stock worth $57,496,000 after buying an additional 568,823 shares during the last quarter. Franklin Resources Inc. increased its position in DigitalOcean by 784.2% in the fourth quarter. Franklin Resources Inc. now owns 494,314 shares of the company’s stock worth $23,786,000 after buying an additional 438,411 shares during the last quarter. Finally, Danske Bank A S bought a new stake in shares of DigitalOcean in the third quarter valued at $14,582,000. 49.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other DigitalOcean news, CFO Matt Steinfort sold 25,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $152.50, for a total value of $3,812,500.00. Following the completion of the transaction, the chief financial officer directly owned 573,272 shares in the company, valued at approximately $87,423,980. This represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Hilary Schneider sold 4,338 shares of the firm’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 sale, the director owned 24,323 shares of the company’s stock, valued at $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. Over the last ninety days, insiders have sold 39,338 shares of company stock valued at $6,191,576. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on DOCN shares. The Goldman Sachs Group upped their price objective on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus upgraded shares of DigitalOcean from a “hold” rating to a “buy” rating and lifted their target price for the stock from $135.00 to $160.00 in a research note on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a $200.00 price target on shares of DigitalOcean in a research report on Friday, July 10th. Robert W. Baird initiated coverage on shares of DigitalOcean in a research note on Tuesday. They set an “outperform” rating and a $165.00 price target on the stock. Finally, UBS Group cut their price objective on shares of DigitalOcean from $175.00 to $155.00 and set a “neutral” rating for the company in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, DigitalOcean has a consensus rating of “Buy” and an average target price of $151.93.

DigitalOcean Stock Performance

NYSE:DOCN opened at $123.65 on Friday. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 53.99 and a beta of 1.57. The business has a 50 day moving average of $151.20 and a 200 day moving average of $103.88. 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.

DigitalOcean (NYSE:DOCN) last issued its earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The company had revenue of $257.90 million for the quarter, compared to analysts’ expectations of $249.76 million. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. 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, sell-side analysts predict that DigitalOcean Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.