DigitalOcean's CFO Sells Over 35,000 Shares for $3.8 Million After a 241% One-Year Return
The cloud infrastructure provider for small businesses and software developers reported a notable insider sale.
Overview
Matt Steinfort, the Chief Financial Officer of DigitalOcean Holdings, Inc. (NYSE:DOCN), disposed of 35,151 shares between September 1, 2026 and September 3, 2026, for a total value of approximately $3.8 million, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($109.28); post-transaction value based on September 03, 2026 market close ($109.40).
Details
DigitalOcean Holdings, Inc. operates as a global cloud infrastructure provider demonstrating significant scale within the developer-focused cloud computing segment. The company's platform delivers essential infrastructure and developer tools with geographic reach spanning multiple continents, targeting organizations that prioritize ease of use and operational efficiency.
Source
Originally published at www.fool.com.