DigitalOcean Holdings, Inc. $DOCN Shares Purchased by Sei Investments Co.

Sei Investments Co. boosted its holdings in DigitalOcean Holdings, Inc. (NYSE:DOCN) by 82.8% during the first quarter, Holdings Channel reports. The institutional investor owned 370,223 shares of the company’s stock after buying an additional 167,659 shares during the period. Sei Investments Co.’s holdings in DigitalOcean were worth $31,758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D purchased a new stake in DigitalOcean in the fourth quarter valued at approximately $2,358,000. New York State Teachers Retirement System grew its stake in shares of DigitalOcean by 33.0% during the 4th quarter. New York State Teachers Retirement System now owns 49,310 shares of the company’s stock valued at $2,373,000 after buying an additional 12,229 shares during the period. SG Americas Securities LLC increased its holdings in shares of DigitalOcean by 266.1% during the 4th quarter. SG Americas Securities LLC now owns 167,126 shares of the company’s stock worth $8,042,000 after buying an additional 121,473 shares during the last quarter. Legato Capital Management LLC purchased a new position in shares of DigitalOcean in the 4th quarter worth $1,365,000. Finally, Campbell Newman Asset Management Inc. acquired a new position in DigitalOcean in the fourth quarter valued at $2,101,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DOCN shares. Piper Sandler raised their price objective on DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. Canaccord Genuity Group reiterated a “buy” rating and set a $200.00 target price on shares of DigitalOcean in a report on Friday, July 10th. Morgan Stanley increased their target price on shares of DigitalOcean from $75.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. KeyCorp assumed coverage on shares of DigitalOcean in a report on Tuesday, June 2nd. They issued an “overweight” rating and a $200.00 price target on the stock. Finally, Citigroup lifted their price target on shares of DigitalOcean from $180.00 to $185.00 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Two 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 stock. According to MarketBeat, DigitalOcean presently has an average rating of “Buy” and a consensus target price of $151.93.

DigitalOcean Price Performance

DOCN opened at $119.73 on Tuesday. DigitalOcean Holdings, Inc. has a twelve month low of $25.56 and a twelve month high of $187.50. The firm has a market cap of $12.49 billion, a price-to-earnings ratio of 52.28 and a beta of 1.57. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.92. The company has a fifty day simple moving average of $150.65 and a 200 day simple moving average of $104.71.

DigitalOcean (NYSE:DOCN) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. The firm had revenue of $257.90 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $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. Equities research analysts expect that DigitalOcean Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Activity

In related news, 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 value of $678,376.44. Following the transaction, the director owned 24,323 shares in the company, valued at approximately $3,803,630.74. The trade was a 15.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matt Steinfort sold 25,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $87,423,980. This represents a 4.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 39,338 shares of company stock worth $6,191,576. Insiders own 0.96% of the company’s stock.

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.