Castleark Management LLC Invests $8.90 Million in DigitalOcean Holdings, Inc. $DOCN

by · The Markets Daily

Castleark Management LLC purchased a new position in DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 184,989 shares of the company’s stock, valued at approximately $8,902,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP grew its holdings in DigitalOcean by 54.4% during the 3rd quarter. Allworth Financial LP now owns 724 shares of the company’s stock worth $25,000 after acquiring an additional 255 shares in the last quarter. Huntington National Bank grew its holdings in DigitalOcean by 638.3% during the 4th quarter. Huntington National Bank now owns 598 shares of the company’s stock worth $29,000 after acquiring an additional 517 shares in the last quarter. NBC Securities Inc. bought a new position in DigitalOcean during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB bought a new position in DigitalOcean during the 3rd quarter worth about $37,000. Finally, Hantz Financial Services Inc. grew its holdings in DigitalOcean by 164.9% during the 4th quarter. Hantz Financial Services Inc. now owns 898 shares of the company’s stock worth $43,000 after acquiring an additional 559 shares in the last quarter. 49.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Hilary Schneider sold 4,338 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $156.38, for a total transaction of $678,376.44. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matt Steinfort sold 25,000 shares of the firm’s stock in a transaction that occurred 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 SEC filing for this sale provides additional information. Insiders have sold a total of 39,338 shares of company stock valued at $6,191,576 over the last three months. 0.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on DOCN shares. Oppenheimer set a $190.00 target price on shares of DigitalOcean in a report on Wednesday, May 6th. The Goldman Sachs Group increased their price target on shares of DigitalOcean from $78.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reissued a “hold (c+)” rating on shares of DigitalOcean in a research report on Friday, March 27th. Piper Sandler increased their price target on shares of DigitalOcean from $98.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Finally, Citizens Jmp increased their price target on shares of DigitalOcean from $83.00 to $105.00 and gave the company a “market outperform” rating in a research report on Thursday, March 26th. One investment 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $146.36.

Check Out Our Latest Stock Report on DigitalOcean

DigitalOcean Stock Performance

DOCN opened at $169.35 on Friday. DigitalOcean Holdings, Inc. has a 12-month low of $25.56 and a 12-month high of $184.46. 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 firm has a market capitalization of $17.67 billion, a PE ratio of 73.95 and a beta of 1.60. The firm has a 50 day moving average of $131.28 and a two-hundred day moving average of $83.83.

DigitalOcean (NYSE:DOCN – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.17. DigitalOcean had a net margin of 24.97% and a return on equity of 88.86%. The company had revenue of $257.91 million during the quarter, compared to analyst estimates of $249.76 million. During the same period last year, the firm posted $0.56 EPS. DigitalOcean’s revenue for the quarter was up 22.4% compared to the same quarter last year. 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, analysts anticipate that DigitalOcean Holdings, Inc. will post 0.54 EPS for the current year.

DigitalOcean Profile

(Free Report)

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.

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