diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index fd6989892..577f232eb 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,4 +1,4 @@
 {
-  ".": "0.5.1",
+  ".": "0.5.2",
   "apis": "0.2.38"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5b92b73ba..fbffaf125 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## [0.5.2](https://github.com/open-feature/open-feature-operator/compare/v0.5.1...v0.5.2) (2023-12-06)
+
+
+### 🐛 Bug Fixes
+
+* bump flagd and flagd proxy version ([#577](https://github.com/open-feature/open-feature-operator/issues/577)) ([5d8c829](https://github.com/open-feature/open-feature-operator/commit/5d8c8299bc3030a2b14baaa6a0fb5b4f6f0d47ea))
+
+
+### 🧹 Chore
+
+* add helm migration section ([#573](https://github.com/open-feature/open-feature-operator/issues/573)) ([361d068](https://github.com/open-feature/open-feature-operator/commit/361d068a46d8d6ca5c96aa0889cdbe1ac53d538b))
+* **deps:** update docker/metadata-action digest to 31cebac ([#520](https://github.com/open-feature/open-feature-operator/issues/520)) ([5262fa7](https://github.com/open-feature/open-feature-operator/commit/5262fa7dc15458330cdc13c277a7b0a115199326))
+* migration docs ([#571](https://github.com/open-feature/open-feature-operator/issues/571)) ([8bf9e42](https://github.com/open-feature/open-feature-operator/commit/8bf9e42fbc8300d614b398e0b91146082a66abba))
+
 ## [0.5.1](https://github.com/open-feature/open-feature-operator/compare/v0.5.0...v0.5.1) (2023-12-01)
 
 
diff --git a/Makefile b/Makefile
index 8b882f308..ca47e58c8 100644
--- a/Makefile
+++ b/Makefile
@@ -6,7 +6,7 @@ ARCH?=amd64
 IMG?=$(RELEASE_REGISTRY)/$(RELEASE_IMAGE)
 # customize overlay to be used in the build, DEFAULT or HELM
 KUSTOMIZE_OVERLAY ?= DEFAULT
-CHART_VERSION=v0.5.1# x-release-please-version
+CHART_VERSION=v0.5.2# x-release-please-version
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
 ENVTEST_K8S_VERSION = 1.26.1
 
diff --git a/chart/open-feature-operator/Chart.yaml b/chart/open-feature-operator/Chart.yaml
index deff89a16..1f667212a 100755
--- a/chart/open-feature-operator/Chart.yaml
+++ b/chart/open-feature-operator/Chart.yaml
@@ -13,12 +13,12 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: "v0.5.1" # x-release-please-version
+version: "v0.5.2" # x-release-please-version
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "v0.5.1" # x-release-please-version
+appVersion: "v0.5.2" # x-release-please-version
 
 home: https://openfeature.dev
 icon: https://open-feature.github.io/open-feature-operator/chart/open-feature-operator/openfeature-logo.png
diff --git a/chart/open-feature-operator/values.yaml b/chart/open-feature-operator/values.yaml
index 57d74be56..86b0a8cda 100644
--- a/chart/open-feature-operator/values.yaml
+++ b/chart/open-feature-operator/values.yaml
@@ -74,7 +74,7 @@ controllerManager:
       ## @param controllerManager.manager.image.repository Sets the image for the operator.
       repository: ghcr.io/open-feature/open-feature-operator
       ## @param controllerManager.manager.image.tag Sets the version tag for the operator.
-      tag: v0.5.1 # x-release-please-version
+      tag: v0.5.2 # x-release-please-version
     resources:
       limits:
         ## @param controllerManager.manager.resources.limits.cpu Sets cpu resource limits for operator.
diff --git a/docs/installation.md b/docs/installation.md
index a1e63e2b1..6608787d1 100644
--- a/docs/installation.md
+++ b/docs/installation.md
@@ -65,13 +65,13 @@ Apply the release yaml directly via kubectl
 <!-- x-release-please-start-version -->
 ```sh
 kubectl create namespace open-feature-operator-system &&
-kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.1/release.yaml
+kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.2/release.yaml
 ```
 <!-- x-release-please-end -->
 ### Uninstall
 <!-- x-release-please-start-version -->
 ```sh
-kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.1/release.yaml &&
+kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.2/release.yaml &&
 kubectl delete namespace open-feature-operator-system
 ```
 <!-- x-release-please-end -->
diff --git a/docs/quick_start.md b/docs/quick_start.md
index f115dbb48..b5a23f509 100644
--- a/docs/quick_start.md
+++ b/docs/quick_start.md
@@ -40,7 +40,7 @@ helm upgrade --install openfeature openfeature/open-feature-operator
 <!-- x-release-please-start-version -->
 ```sh
 kubectl create namespace open-feature-operator-system &&
-kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.1/release.yaml
+kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.5.2/release.yaml
 ```
 <!-- x-release-please-end -->