DigitalOcean SVP Cherie Barrett sells $589,840 in company stock

DigitalOcean's Chief Accounting Officer, Cherie Barrett, sold 4,456 shares of the company's stock on August 13, 2026, for a total of $589,840. The transaction was executed under a previously adopted Rule 10b5-1 trading plan, and Barrett now owns 65,487 shares of DigitalOcean common stock. Despite the sale, DigitalOcean shares have surged 327% over the past year, currently trading at $135.28 with a market capitalization of $15.91 billion.

The company reported strong Q2 2026 earnings, exceeding expectations with adjusted earnings of $0.45 per share and revenue of $281.18 million, driven by growth in AI-related services and record customer commitments. However, UBS adjusted its price target for DigitalOcean from $155 to $140, maintaining a Neutral rating.

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