DigitalOcean Holdings, Inc. $DOCN Shares Purchased by Van Berkom & Associates Inc.
by Teresa Graham · The Cerbat GemVan Berkom & Associates Inc. increased its holdings in shares of DigitalOcean Holdings, Inc. (NYSE:DOCN – Free Report) by 2.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,610,671 shares of the company’s stock after purchasing an additional 45,680 shares during the quarter. DigitalOcean accounts for approximately 2.2% of Van Berkom & Associates Inc.’s portfolio, making the stock its 23rd biggest position. Van Berkom & Associates Inc. owned about 1.76% of DigitalOcean worth $77,505,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Allworth Financial LP lifted its stake 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. NBC Securities Inc. acquired a new position in DigitalOcean during the 4th quarter worth about $32,000. Wilmington Savings Fund Society FSB acquired a new position in DigitalOcean during the 3rd quarter worth about $37,000. Advisory Services Network LLC acquired a new position in DigitalOcean during the 3rd quarter worth about $54,000. Finally, GAMMA Investing LLC lifted its stake in DigitalOcean by 33.8% during the 4th quarter. GAMMA Investing LLC now owns 1,581 shares of the company’s stock worth $76,000 after acquiring an additional 399 shares in the last quarter. Institutional investors and hedge funds own 49.77% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on DOCN shares. Citigroup increased their target price on DigitalOcean from $75.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Piper Sandler increased their target price on DigitalOcean from $67.00 to $98.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 7th. Stifel Nicolaus set a $57.00 target price on DigitalOcean in a research note on Tuesday, February 24th. Oppenheimer increased their target price on DigitalOcean from $100.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Finally, The Goldman Sachs Group increased their target price on DigitalOcean from $50.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, February 25th. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $91.08.
Get Our Latest Stock Analysis on DOCN
DigitalOcean Price Performance
NYSE DOCN opened at $108.02 on Tuesday. The firm’s fifty day moving average price is $77.95 and its 200 day moving average price is $59.86. DigitalOcean Holdings, Inc. has a 12 month low of $25.56 and a 12 month high of $109.13. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 42.70 and a beta of 1.42.
DigitalOcean (NYSE:DOCN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. DigitalOcean had a net margin of 28.76% and a negative return on equity of 127.00%. The firm had revenue of $257.91 million for the quarter, compared to analyst estimates of $249.76 million. DigitalOcean has set its Q2 2026 guidance at 0.200-0.230 EPS and its FY 2026 guidance at 1.100-1.200 EPS. As a group, sell-side analysts forecast that DigitalOcean Holdings, Inc. will post 0.4 earnings per share for the current year.
Insider Buying and Selling at DigitalOcean
In related news, CFO Matt Steinfort sold 20,000 shares of DigitalOcean stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $55.40, for a total transaction of $1,108,000.00. Following the sale, the chief financial officer directly owned 545,916 shares in the company, valued at $30,243,746.40. This trade represents a 3.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Cherie Barrett sold 22,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $54.77, for a total value of $1,204,940.00. Following the transaction, the chief accounting officer owned 62,469 shares in the company, valued at $3,421,427.13. This represents a 26.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.96% of the stock is owned by company insiders.
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.