Y Intercept Hong Kong Ltd Acquires New Stake in DigitalOcean Holdings, Inc. $DOCN

Y Intercept Hong Kong Ltd acquired a new position in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN) in the second quarter, HoldingsChannel reports. The firm acquired 55,493 shares of the company’s stock, valued at approximately $8,714,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC acquired a new stake in shares of DigitalOcean during the 2nd quarter worth about $3,667,000. Handelsbanken Fonder AB raised its position in shares of DigitalOcean by 7.2% in the second quarter. Handelsbanken Fonder AB now owns 20,800 shares of the company’s stock valued at $3,266,000 after buying an additional 1,400 shares during the last quarter. Fulton Bank N.A. purchased a new position in shares of DigitalOcean during the second quarter valued at approximately $597,000. Focus Financial Network Inc. purchased a new position in shares of DigitalOcean during the second quarter valued at approximately $227,000. Finally, MRA Advisory Group acquired a new stake in DigitalOcean during the second quarter worth approximately $1,460,000. Institutional investors and hedge funds own 49.77% of the company’s stock.

DigitalOcean Price Performance

DOCN stock opened at $133.18 on Thursday. The company has a market cap of $13.90 billion, a PE ratio of 60.81, a price-to-earnings-growth ratio of 103.46 and a beta of 1.61. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average price of $141.53 and a two-hundred day moving average price of $110.58. DigitalOcean Holdings, Inc. has a 12-month low of $29.62 and a 12-month high of $187.50.

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

Insider Activity at DigitalOcean

In other DigitalOcean news, CFO Matt Steinfort sold 25,000 shares of DigitalOcean stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $152.50, for a total transaction of $3,812,500.00. Following the transaction, the chief financial officer directly owned 573,272 shares of the company’s stock, valued at $87,423,980. The trade was a 4.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Warren J. Adelman sold 4,200 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $124.01, for a total transaction of $520,842.00. Following the sale, the director owned 67,433 shares of the company’s stock, valued at approximately $8,362,366.33. This represents a 5.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 43,538 shares of company stock worth $6,712,418. Company insiders own 0.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings upgraded DigitalOcean from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday. Stifel Nicolaus raised DigitalOcean from a “hold” rating to a “buy” rating and lifted their price objective for the company from $135.00 to $160.00 in a research report on Tuesday, July 21st. The Goldman Sachs Group upped their target price on DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Citigroup increased their target price on DigitalOcean from $185.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. Finally, Piper Sandler increased their price objective on shares of DigitalOcean from $98.00 to $155.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. 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. According to data from MarketBeat.com, DigitalOcean presently has a consensus rating of “Buy” and an average price target of $151.33.

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.