DOCN Chief Accounting Officer sold 22,000 shares at $54.77; holding reduced to 62,469 shares (-26.0%)
Barrett Cherie, the Chief Accounting Officer of DigitalOcean, sold 22,000 shares (62.5K shares remaining) at $54.77 on 2026-03-02 for $1,204,940.00. The sale represents a -26.0% reduction in her pre-transaction holdings, a material reallocation at a price 1.1% below the current market price of $55.40. DigitalOcean is trading -19.6% from its 52-week high of $68.86, with solid fundamentals showing $229.6M revenue, $158.4M net income, and 15.5% annual revenue growth at an attractive 11.94 P/E. The timing of the sale—when the stock is well off its peak but still up 20.7% over 90 days—warrants attention to whether the sale reflects portfolio adjustment decisions or tactical views about near-term valuation.