Campbell Newman Asset Management 13F: Exits DOCN Stake

Campbell Newman Asset Management completely exited its position in DigitalOcean Holdings, Inc. DOCN, selling its entire holding during the quarter. The disclosure appeared in a Form 13F filing with the SEC on October 22, 2026.

DOCN DigitalOcean Holdings, Inc.

$92 ▲ +87.87% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's DigitalOcean Position

The fund sold out of the stock entirely, liquidating all 41,398 shares it previously owned. The complete exit reduced its position from 41,398 shares down to zero.

Other Institutional Activity in DigitalOcean

Hood River Capital Management LLC grew its holdings by 713,488 shares, ending with 4,200,719 shares worth about $386,466,148.00. Fuller & Thaler Asset Management Inc. added 69,178 shares, lifting its stake 2.7% to 2,631,342 shares valued at roughly $242,083,464.00. Two Sigma Investments, LP dramatically expanded its holdings by adding 1,697,289 shares for an 896.4% jump, finishing the period with 1,886,632 shares worth about $173,570,144.00.

DigitalOcean Holdings, Inc. Stock Down 7.5%

The stock recently traded around $91.98 as of October 23, 2026, sitting right around the $92.00 close it registered when the filing dropped on October 22, 2026. Shares have faced heavy downward pressure over the past year, trading roughly 50.9% below their 52-week high of $187.50 while holding well above their low of $37.84. The equity also rests below both its 50-day moving average of $123.83 and its 200-day moving average of $109.95.

Recent Earnings

DigitalOcean reported trailing twelve-month revenue of $1,011,113,024.00 and basic earnings per share of $2.17. The firm generated a net profit margin of 23.3% and a return on equity of 62.3%. The next earnings report is scheduled for release on November 3, 2026.

Insider Buying and Selling at DigitalOcean Holdings, Inc.

Chief Financial Officer Matthew William Steinfort sold 10,000 shares on September 3, 2026, at an average price of $105.73 for a total of $1,057,300.00. Chief Executive Officer Padmanabhan T Srinivasan sold 5,697 shares on the same day at $105.73 each, totaling $602,344.00, and later offloaded 11,394 shares on September 21, 2026, at $140.00 for a total of $1,595,160.00. Officer Cherie Barrett sold 3,985 shares on September 3, 2026, at $105.73 per share, bringing in $421,334.00.

Analysts Set New Price Targets

UBS maintained a neutral rating on August 5, 2026, while lowering its price target from $155.00 to $140.00. Citigroup maintained a buy rating on August 5, 2026, and raised its target from $185.00 to $190.00. Truist Securities initiated coverage on August 27, 2026, with a buy rating and a $175.00 price target. Oppenheimer maintained an outperform rating on October 14, 2026, bumping its target from $190.00 to $220.00. Piper Sandler upgraded the stock to overweight on October 21, 2026, while adjusting its target from $142.00 to $126.00. Across 15 analyst opinions, the stock carries a consensus buy recommendation with a mean price target of $176.20.

About DigitalOcean

DigitalOcean Holdings, Inc. runs an infrastructure and cloud platform designed to help developers, startups, and growing technology companies build and scale applications. Its tools focus on simplifying cloud computing services for artificial intelligence and digital-native workloads.

Bottom Line

Investors will watch the upcoming November 3 earnings release for fresh insights into platform adoption and profitability trends. Institutional adjustments and insider transactions continue to shape the backdrop for the stock ahead of those results.