Silvercrest Asset Management Group 13F: Cuts DOCN Stake by $27M

Silvercrest Asset Management Group has trimmed its stake in DigitalOcean Holdings, Inc. (NYSE: DOCN), cutting 150,324 shares. This move reduces its holdings by about 36%, leaving Silvercrest with 265,213 shares valued at approximately $48.1 million as of its latest filing with the SEC for the reporting period ending March 31, 2026.

What Changed in Silvercrest's DigitalOcean Position

Silvercrest Asset Management reduced its investment in DigitalOcean Holdings by 150,324 shares, a 36% decrease from its previous 415,537 shares. The firm now holds 265,213 shares worth about $48.1 million. This adjustment reflects a significant reduction in their position.

Other Institutional Activity in DigitalOcean

In contrast to Silvercrest's reduction, other major funds increased their stakes in DigitalOcean. BlackRock, Inc. added 1,721,208 shares, bringing its total to 11,978,834 shares valued at approximately $1.03 billion. JPMorgan Chase & Co substantially increased its holdings by 3,311,030 shares, now holding 4,645,175 shares worth about $363.8 million. Hood River Capital Management LLC also boosted its position by 2,348,990 shares, ending with 3,487,118 shares valued at $299.1 million.

DigitalOcean Holdings, Inc. Stock Up 65.9%

Shares of DigitalOcean Holdings (NYSE: DOCN) traded near $181.29. The company has a market capitalization of $18.18 billion and a P/E ratio of 76.4, indicating high investor expectations relative to its earnings. DigitalOcean's beta of 1.57 suggests higher volatility compared to the broader market. The stock's 52-week range spans from $25.56 to $185.99, with a 50-day moving average of $134.11 and a 200-day moving average of $72.02.

Recent Earnings

DigitalOcean Holdings reported revenue of approximately $948.6 million, showing a growth rate of 22.4%. The company's net margin stands at 24.9%, with a return on equity of 70%. Its next earnings report is scheduled for August 4, 2026.

Insider Buying and Selling at DigitalOcean Holdings, Inc.

Recent insider activity at DigitalOcean Holdings includes several sales. On June 2, 2026, CFO Matt Steinfort sold 10,000 shares at an average price of $170.07 under a planned sale. On June 1, 2026, CEO Padmanabhan Srinivasan and SVP Cherie Barrett sold 14,785 and 3,005 shares, respectively, at $155.95. Chief Product & Tech Officer Vinay Kumar sold 32,722 shares on March 10, 2026, at an unspecified price.

Analysts Set New Price Targets

On June 11, 2026, Canaccord Genuity maintained its buy rating for DigitalOcean with a price target of $200. Keybanc also initiated coverage with a buy rating and a $200 target on June 3, 2026. UBS maintained its hold rating with a $175 target on May 12, 2026. The consensus among 13 analysts is a buy, with an average target price of $178.77.

About DigitalOcean Holdings

DigitalOcean Holdings, Inc. operates a cloud platform that helps developers build, run, and scale applications. Based in Broomfield, Colorado, the company offers infrastructure-as-a-service (IaaS) solutions, including compute, storage, and networking products. It also provides platform-as-a-service (PaaS) and software-as-a-service (SaaS) solutions. DigitalOcean serves various industries, including online gaming, fintech, and cybersecurity, and was founded in 2012.

Bottom Line

Silvercrest Asset Management's decision to cut its stake in DigitalOcean Holdings reflects a notable shift, while other major institutional investors have increased their positions. DigitalOcean remains a company of interest due to its robust growth and strong market position. Investors track these filings to gauge fund managers' confidence and strategies, though it's important to remember that 13F filings are backward-looking and may not reflect current holdings.