{
  "id": 1613127,
  "title": "DigitalOcean SVP Cherie Barrett sells $589,840 in company stock",
  "url": "https://urgent.news/2026/08/18/digitalocean-svp-cherie-barrett-sells-589-840-in-company-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-18T02:15:53.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/digitalocean-svp-cherie-barrett-sells-589840-in-company-stock-93CH-4864217"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}