{
  "id": 5485409,
  "title": "DigitalOcean SVP, CAO Cherie Barrett sells $421,334 of stock",
  "url": "https://urgent.news/2026/09/04/digitalocean-svp-cao-cherie-barrett-sells-421-334-of-stock",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T03:31:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/insider-trading-news/digitalocean-svp-cao-cherie-barrett-sells-421334-of-stock-93CH-4888804"
  },
  "original_language": "en",
  "account": "Cherie Barrett, DigitalOcean's Senior Vice President and Chief Accounting Officer, sold 3,985 shares of the company's stock on September 3, 2026. Each share was sold at $105.73, generating a total of $421,334. Ms. Barrett had previously established a Rule 10b5-1 trading plan for this transaction. At present, DigitalOcean's stock price is $109.40, marking a 240.6% return over the past year. On September 1, 2026, Barrett sold an additional 3,103 shares at $110.69 each, totaling $343,471. This sale was to fulfill tax withholding obligations for the vesting and settlement of restricted stock units. Post-transaction, Ms. Barrett directly owns 58,399 shares of DigitalOcean Holdings, Inc. Common Stock. InvestingPro suggests the stock is currently overvalued compared to its Fair Value. For a more detailed analysis, investors can refer to DigitalOcean’s Pro Research Report. DigitalOcean reported strong second-quarter 2026 results, beating Wall Street expectations with adjusted earnings of $0.45 per share and revenue of $281.18 million. Growth in AI-related services and record customer commitments fueled the revenue increase of 29% compared to the prior year. Despite this success, UBS reduced its price target for DigitalOcean to $140 from $155, holding a Neutral rating. The downgrade was based on DigitalOcean's confirmation of a growth outlook exceeding 50% for fiscal 2027 and the company's stated lack of additional capacity beyond the previously announced 20 megawatts. These findings underscore the company's growth trajectory and the cautious outlook of analysts concerning future capacity expansion.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Clear Secure CAO Dennis Liu sells $93,564 of stock",
        "url": "https://urgent.news/2026/09/04/clear-secure-cao-dennis-liu-sells-93-564-of-stock",
        "published": "2026-09-04T02:46:02.000Z"
      }
    ]
  },
  "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."
}