DOCN - DigitalOcean Holdings, Inc. Stock Price, Fair Value and News

35.84USD+3.26 (+10.01%)Market Closed

Market Summary

USD35.84+3.26

Market Closed

10.01%

DOCN Stock Price

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DOCN RSI Chart

DOCN Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

59.45

Price/Sales (Trailing)

4.17

EV/EBITDA

20.26

Price/Free Cashflow

23.6

DOCN Price/Sales (Trailing)

DOCN Profitability

Operating Margin

60.04%

EBT Margin

9.67%

Return on Equity

-17.45%

Return on Assets

3.36%

Free Cashflow Yield

4.24%

DOCN Fundamentals

DOCN Revenue

Revenue (TTM)

712.5M

Rev. Growth (Yr)

11.87%

Rev. Growth (Qtr)

2.13%

DOCN Earnings

Earnings (TTM)

49.9M

Earnings Growth (Yr)

186.37%

Earnings Growth (Qtr)

-11.29%

Breaking Down DOCN Revenue

52 Week Range

21.7651.69

(Low)(High)

Last 7 days

-7.8%

Last 30 days

-12.4%

Last 90 days

-17.4%

Trailing 12 Months

-0.1%

How does DOCN drawdown profile look like?

DOCN Financial Health

Current Ratio

2.73

Debt/Equity

-5.17

Debt/Cashflow

0.18

DOCN Investor Care

Shares Dilution (1Y)

2.57%

Diluted EPS (TTM)

0.52

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	712.5M	0	0	0
2023	614.1M	650.1M	675.0M	692.9M
2022	462.2M	492.3M	533.0M	576.3M
2021	339.2M	366.1M	396.4M	428.6M
2020	270.7M	286.6M	302.5M	318.4M
2019	0	0	0	254.8M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of DigitalOcean Holdings, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Apr 12, 2024	adelman warren j	sold (taxes)	-55,996	36.48	-1,535	executive chairman
Apr 11, 2024	steinfort matt	acquired	-	-	45,485	chief financial officer
Mar 31, 2024	keffer pueo	acquired	12,589	39.22	321	-
Mar 31, 2024	schneider hilary	acquired	14,982	39.22	382	-
Mar 31, 2024	jenson warren	acquired	13,099	39.22	334	-
Mar 31, 2024	merritt christopher	acquired	8,746	39.22	223	-
Mar 12, 2024	adelman warren j	sold (taxes)	-61,599	40.13	-1,535	executive chairman
Mar 01, 2024	steinfort matt	sold (taxes)	-567,321	37.92	-14,961	chief financial officer
Feb 26, 2024	butte amy	sold	-138,368	36.8	-3,760	-
Feb 21, 2024	steinfort matt	acquired	-	-	35,943	chief financial officer

Which funds bought or sold DOCN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	Belpointe Asset Management LLC	unchanged	-	10,725	274,820	0.02%
May 08, 2024	SP Asset Management LLC	unchanged	-	10,579	271,078	0.03%
May 08, 2024	KBC Group NV	unchanged	-	2,000	54,000	-%
May 08, 2024	IA Venture Strategies Fund II, LP	reduced	-33.33	-49,921,000	113,081,000	96.92%
May 08, 2024	Focused Wealth Management, Inc	unchanged	-	13,467	345,071	0.05%
May 08, 2024	STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	added	20.93	193,357	857,666	-%
May 08, 2024	Bell Investment Advisors, Inc	unchanged	-	15.00	382	-%
May 08, 2024	BNP PARIBAS ASSET MANAGEMENT Holding S.A.	unchanged	-	177,000	8,373,000	0.02%
May 08, 2024	EDMOND DE ROTHSCHILD HOLDING S.A.	reduced	-32.7	-39,003	91,136	-%
May 08, 2024	Russell Investments Group, Ltd.	reduced	-0.86	180,706	5,894,580	0.01%

Are Funds Buying or Selling DOCN?

Are funds buying DOCN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own DOCN

No. of Funds

Unveiling DigitalOcean Holdings, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	7.01%	6,032,127	SC 13G/A
Jan 29, 2024	blackrock inc.	6.1%	5,222,944	SC 13G/A
Jul 12, 2023	access industries management, llc	29.12%	25,865,449	SC 13D/A
Feb 14, 2023	andreessen horowitz fund iii, l.p.	0.0%	0	SC 13G/A
Feb 09, 2023	vanguard group inc	6.39%	6,153,572	SC 13G
Feb 09, 2023	ia venture strategies fund ii, lp	7.7%	7,404,482	SC 13G/A
Feb 03, 2023	blackrock inc.	5.6%	5,345,991	SC 13G
Nov 08, 2022	access industries management, llc	26.86%	25,865,449	SC 13D/A
Feb 14, 2022	andreessen horowitz fund iii, l.p.	4.9%	5,378,994	SC 13G

Recent SEC filings of DigitalOcean Holdings, Inc.

View All Filings

Date Filed	Form Type	Document
May 10, 2024	10-Q	Quarterly Report
May 10, 2024	8-K	Current Report
May 08, 2024	SC 13G/A	Major Ownership Report
May 02, 2024	8-K	Current Report
May 02, 2024	DEFA14A	DEFA14A
Apr 23, 2024	144	Notice of Insider Sale Intent
Apr 19, 2024	DEFA14A	DEFA14A
Apr 19, 2024	DEF 14A	DEF 14A
Apr 19, 2024	ARS	ARS
Apr 15, 2024	4	Insider Trading

Peers (Alternatives to DigitalOcean Holdings, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
MSFT	3.1T	236.6B	-3.28%	32.01%	35.56	12.95	13.97%	24.86%
ADBE	216.1B	19.9B	-2.05%	40.24%	45.02	10.84	10.76%	1.35%
CRWD	75.9B	3.1B	2.32%	137.65%	849.48	24.83	36.33%	148.75%
SQ	45.1B	22.9B	-8.48%	27.24%	90.57	1.97	23.28%	240.37%
AKAM	15.6B	3.9B	-4.62%	19.94%	24.97	4.02	7.01%	28.42%
FFIV	10.0B	2.8B	-12.76%	26.46%	20.11	3.6	0.20%	52.82%
MID-CAP
ALTR	7.1B	619.6M	0.54%	24.89%	738.63	11.42	7.11%	116.83%
HCP	6.3B	583.1M	21.51%	3.41%	-33.3	10.89	22.54%	30.49%
ACIW	3.8B	1.5B	6.89%	47.65%	26.11	2.58	6.51%	54.77%
APPN	2.3B	560.0M	-23.03%	-15.53%	-21.58	4.14	14.52%	34.67%
SMALL-CAP
CSGS	1.3B	1.2B	-12.82%	-12.13%	20.13	1.11	3.70%	18.24%
ATEN	1.2B	254.7M	13.22%	9.09%	25.23	4.53	-7.51%	2.74%
BAND	570.1M	634.3M	18.78%	89.93%	-19.53	0.9	9.43%	-197.31%
DTSS	18.8M	7.0M	-12.01%	-54.63%	-2.18	2.91	-55.73%	-45.27%
BLIN	13.4M	15.6M	-5.84%	38.71%	-1.35	0.86	-6.37%	-5256.07%

DigitalOcean Holdings, Inc. News

Latest updates

DigitalOcean Holdings, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																		(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Revenue	2.1%	185	181	177	170	165	163	152	134	127	120	111	104	94.00	88.00	81.00	77.00	73.00	-
Cost Of Revenue	-2.4%	73.00	74.00	70.00	67.00	72.00	60.00	57.00	48.00	47.00	44.00	44.00	43.00	40.00	39.00	37.00	35.00	35.00	-
Gross Profit	5.3%	112	106	107	102	93.00	103	95.00	86.00	80.00	75.00	68.00	61.00	54.00	49.00	44.00	42.00	38.00	-
Operating Expenses	5.3%	101	95.00	71.00	104	126	114	88.00	94.00	94.00	85.00	70.00	63.00	51.00	47.00	51.00	40.00	51.00	-
S&GA Expenses	5.7%	21.00	20.00	19.00	16.00	18.00	25.00	19.00	18.00	19.00	15.00	13.00	12.00	10.00	9.00	8.00	7.00	9.00	-
R&D Expenses	9.9%	34.00	31.00	33.00	39.00	38.00	39.00	30.00	37.00	37.00	36.00	30.00	27.00	22.00	21.00	20.00	15.00	19.00	-
EBITDA Margin	25.9%	0.28*	0.22*	0.19*	0.15*	0.13*	0.15*	0.15*	0.13*	0.14*	0.17*	0.18*	0.17*	-	-	-	-	-	-
Interest Expenses	-0.3%	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	1.00	0.00	0.00	2.00	3.00	3.00	4.00	4.00	-
Income Taxes	104.8%	0.00	-2.41	18.00	3.00	-11.48	1.00	0.00	-1.17	3.00	1.00	-0.14	-0.47	1.00	0.00	-0.13	0.00	1.00	-
Earnings Before Taxes	5.3%	14.00	14.00	37.00	4.00	-27.85	-9.07	8.00	-7.93	-15.23	-11.20	-2.00	-2.66	-2.34	-13.80	-10.35	-2.32	-16.18	-
EBT Margin	150.2%	0.10*	0.04*	0.01*	-0.04*	-0.06*	-0.04*	-0.05*	-0.07*	-0.07*	-0.04*	-0.05*	-0.08*	-	-	-	-	-	-
Net Income	-11.3%	14.00	16.00	19.00	1.00	-16.37	-10.07	8.00	-6.76	-18.57	-12.12	-1.85	-2.19	-3.34	-13.85	-10.21	-2.57	-16.93	-
Net Income Margin	150.1%	0.07*	0.03*	-0.01*	-0.03*	-0.04*	-0.05*	-0.06*	-0.08*	-0.08*	-0.05*	-0.05*	-0.08*	-	-	-	-	-	-
Free Cashflow	-18.6%	23.00	28.00	34.00	41.00	13.00	36.00	25.00	20.00	7.00	2.00	21.00	16.00	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet														(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4
Assets	1.7%	1,486	1,461	1,425	1,498	1,584	1,816	1,624	1,591	1,957	2,101	966	915	893	430
Current Assets	2.5%	516	503	471	642	699	946	908	1,231	1,612	1,770	643	629	607	148
Cash Equivalents	32.6%	421	317	79.00	120	21.00	141	24.00	72.00	465	1,715	590	577	560	103
Net PPE	5.4%	322	305	285	271	278	273	271	268	259	250	241	243	243	239
Goodwill	0%	348	348	348	58.00	297	315	315	32.00	32.00	32.00	32.00	3.00	3.00	3.00
Liabilities	-0.2%	1,772	1,775	1,784	1,765	1,787	1,768	1,593	1,542	1,529	1,523	790	57.00	48.00	329
Current Liabilities	-1.9%	189	193	184	167	171	166	99.00	74.00	62.00	58.00	58.00	55.00	46.00	85.00
Long Term Debt	0.1%	1,480	1,478	1,476	1,474	1,472	1,470	1,468	1,467	1,465	1,463	-	-	-	242
LT Debt, Current	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17.00
LT Debt, Non Current	-100.0%	-	1,478	1,476	1,474	1,472	1,470	1,468	1,467	1,465	1,463	-	-	-	242
Shareholder's Equity	8.8%	-286	-313	-	-	-202	48.00	27.00	47.00	427	578	906	858	845	-
Retained Earnings	4.1%	-330	-344	-357	-266	-230	-214	-200	-210	-204	-186	-174	-172	-170	-167
Additional Paid-In Capital	44.0%	45.00	31.00	-	-	29.00	264	235	269	639	770	1,086	1,036	1,020	100
Shares Outstanding	1.1%	91.00	90.00	86.00	92.00	96.00	97.00	97.00	103	107	93.00	88.00	78.00	-	-
Float	-	-	-	-	2,500	-	-	-	2,910	-	-	-	2,820	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																		(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4
Cashflow From Operations	-17.2%	67.00	81.00	54.00	64.00	36.00	63.00	56.00	46.00	30.00	33.00	40.00	40.00	20.00	18.00	23.00	16.00	1.00	-
Share Based Compensation	0.5%	23.00	23.00	-2.37	36.00	32.00	28.00	24.00	28.00	26.00	24.00	19.00	12.00	7.00	5.00	13.00	3.00	9.00	-
Cashflow From Investing	-69.6%	46.00	153	5.00	136	108	54.00	-41.87	-38.81	-1,121	-32.40	-31.54	-25.98	-23.69	-30.55	-26.06	-30.80	-28.23	-
Cashflow From Financing	-353.7%	-11.25	4.00	-108	-100	-264	0.00	-52.76	-399	-157	1,123	4.00	3.00	464	-8.68	-2.18	50.00	84.00	-
Buy Backs	-29.6%	9.00	12.00	107	104	266	-	50.00	400	150	350	-	-	-	-	-	-	-	-

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DOCN Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue	$ 692,884	$ 576,322	$ 428,561
Cost of revenue	283,967	211,927	170,595
Gross profit	408,917	364,395	257,966
Operating expenses:
Research and development	140,365	143,885	115,684
Sales and marketing	73,027	81,022	50,878
General and administrative	162,742	165,185	102,590
Restructuring and other charges	20,887	0	0
Total operating expenses	397,021	390,092	269,152
Income (loss) from operations	11,896	(25,697)	(11,186)
Other income (expense):
Interest expense	(8,945)	(8,396)	(3,744)
Loss on extinguishment of debt	0	(407)	(3,435)
Interest income and other income, net	23,825	10,615	164
Other income (expense), net	14,880	1,812	(7,015)
Income (loss) before income taxes	26,776	(23,885)	(18,201)
Income tax expense	(7,367)	(3,919)	(1,302)
Net income (loss) attributable to common stockholders	$ 19,409	$ (27,804)	$ (19,503)
Net income (loss) per share attributable to common stockholders
Basic (in dollars per share)	$ 0.22	$ (0.28)	$ (0.21)
Diluted (in dollars per share)	$ 0.20	$ (0.28)	$ (0.21)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders
Basic (in shares)	90,141,000	100,806,000	93,224,000
Diluted (in shares)	96,415,000	100,806,000	93,224,000

DOCN Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 317,236	$ 140,772
Marketable securities	94,532	723,462
Accounts receivable, less allowance for credit losses of $5,848 and $6,099, respectively	62,186	53,833
Prepaid expenses and other current assets	29,040	27,924
Total current assets	502,994	945,991
Noncurrent assets:
Property and equipment, net	305,444	273,170
Restricted cash	1,747	1,935
Goodwill	348,322	315,168
Intangible assets, net	140,151	118,928
Operating lease right-of-use assets, net	155,201	153,701
Deferred tax assets	1,994	751
Other assets	5,114	5,987
Total assets	1,460,967	1,815,631
Current liabilities:
Accounts payable	3,957	21,138
Accrued other expenses	31,046	33,987
Deferred revenue	5,340	5,550
Operating lease liabilities, current	81,320	57,432
Other current liabilities	70,982	47,409
Total current liabilities	192,645	165,516
Noncurrent liabilities:
Deferred tax liabilities	3,533	20,757
Long-term debt	1,477,798	1,470,270
Operating lease liabilities, non-current	91,161	107,693
Other long-term liabilities	9,528	3,826
Total liabilities	1,774,665	1,768,062
Commitments and Contingencies (Note 9)
Preferred stock ($0.000025 par value per share; 10,000,000 shares authorized; 0 shares issued and outstanding as of December 31, 2023 and 2022)	0	0
Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 90,243,442 and 96,732,507 issued and outstanding as of December 31, 2023 and 2022, respectively)	2	2
Additional paid-in capital	30,989	263,957
Accumulated other comprehensive loss	(452)	(2,048)
Accumulated deficit	(344,237)	(214,342)
Total stockholders’ (deficit) equity	(313,698)	47,569
Total liabilities and stockholders’ (deficit) equity	$ 1,460,967	$ 1,815,631

About DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.

CEO	Mr. Yancey L. Spruill
WEBSITE	digitalocean.com
INDUSTRY	Software - Infra
EMPLOYEES	1204

DigitalOcean Holdings, Inc. Frequently Asked Questions

What is the ticker symbol for DigitalOcean Holdings, Inc.? What does DOCN stand for in stocks?

DOCN is the stock ticker symbol of DigitalOcean Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of DigitalOcean Holdings, Inc. (DOCN)?

As of Thu May 09 2024, market cap of DigitalOcean Holdings, Inc. is 2.96 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of DOCN stock?

You can check DOCN's fair value in chart for subscribers.

What is the fair value of DOCN stock?

You can check DOCN's fair value in chart for subscribers. The fair value of DigitalOcean Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of DigitalOcean Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for DOCN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is DigitalOcean Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether DOCN is over valued or under valued. Whether DigitalOcean Holdings, Inc. is cheap or expensive depends on the assumptions which impact DigitalOcean Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for DOCN.

What is DigitalOcean Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, DOCN's PE ratio (Price to Earnings) is 152.41 and Price to Sales (PS) ratio is 4.27. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. DOCN PE ratio will change depending on the future growth rate expectations of investors.