Market Summary
USD23.92-0.11
Market Closed-0.46%
DOCN Stock Price
DOCN RSI Chart
DOCN Valuation
DOCN Price/Sales (Trailing)
DOCN Profitability
DOCN Fundamentals
DOCN Revenue
DOCN Earnings
Price Action
52 Week Range
22.8151.69
(Low)(High)
Last 7 days
-0.8%
Last 30 days
-14.1%
Last 90 days
-40.1%
Trailing 12 Months
-33.7%
DOCN Financial Health
DOCN Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for DOCN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-15 | Wood Megan | acquired | - | - | 78,118 | chief stgy and prdct officer |
2023-09-15 | Steinfort Matt | acquired | - | - | 101,554 | chief financial officer |
2023-09-07 | Guy Jeffrey Scott | sold | -518,923 | 25.21 | -20,584 | chief operating officer |
2023-09-07 | JENSON WARREN | bought | 102,960 | 25.74 | 4,000 | - |
2023-09-01 | Spruill Yancey L. | sold (taxes) | -117,181 | 27.05 | -4,332 | chief executive officer |
2023-09-01 | Wood Megan | sold (taxes) | -157,729 | 27.05 | -5,831 | chief strategy officer |
2023-09-01 | Guy Jeffrey Scott | sold (taxes) | -152,508 | 27.05 | -5,638 | chief operating officer |
2023-08-23 | Norman Harold Matthew | acquired | 211,325 | 6.82 | 30,986 | chief people officer |
2023-08-21 | Guy Jeffrey Scott | sold | -324,100 | 32.41 | -10,000 | chief operating officer |
2023-08-14 | Guy Jeffrey Scott | sold | -213,060 | 35.51 | -6,000 | chief operating officer |
Which funds bought or sold DOCN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | reduced | -36.01 | -624,000 | 1,188,000 | -% |
2023-09-13 | CGC Financial Services, LLC | new | - | 4,014 | 4,014 | -% |
2023-09-12 | Farther Finance Advisors, LLC | reduced | -19.19 | -667 | 3,211 | -% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 10,552 | 436,643 | 0.03% |
2023-08-24 | Alberta Investment Management Corp | added | 24.55 | 649,779 | 3,001,430 | 0.03% |
2023-08-22 | Asset Dedication, LLC | new | - | 2,000 | 2,000 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | added | 12.92 | 394,098 | 2,901,800 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 236 | 965,528 | 1,356,650 | -% |
2023-08-21 | VitalStone Financial, LLC | new | - | - | - | -% |
2023-08-16 | Alpha Square Group S, LLC | reduced | -8.4 | -120,094 | 1,838,170 | 1.32% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of DigitalOcean Holdings
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Feb 14, 2022 | andreessen horowitz fund iii, l.p. | 4.9% | 5,378,994 | SC 13G |
Recent SEC filings of DigitalOcean Holdings
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 4 | Insider Trading | |
| Sep 19, 2023 | 8-K | Current Report | |
| Sep 08, 2023 | 4 | Insider Trading | |
| Sep 08, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 06, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading | |
| Sep 01, 2023 | 4 | Insider Trading |
DigitalOcean Holdings News
Returns for DOCN
Cumulative Returns on DOCN
Risks for DOCN
What is the probability of a big loss on DOCN?
73.5%
Probability that DigitalOcean Holdings stock will be more than 20% underwater in next one year
72.7%
Probability that DigitalOcean Holdings stock will be more than 30% underwater in next one year.
71.2%
Probability that DigitalOcean Holdings stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does DOCN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if DigitalOcean Holdings was unfortunately bought at previous high price.
Drawdowns
Financials for DigitalOcean Holdings
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Revenue | 5.9% | 650,061 | 614,129 | 576,322 | 532,986 | 492,299 | 462,227 | 428,561 | 396,416 | 366,148 | 339,249 | 318,380 | 307,817 | 299,406 | 291,168 | 254,823 |
| Gross Profit | 4.4% | 392,904 | 376,512 | 364,395 | 339,034 | 309,377 | 283,974 | 257,966 | 231,640 | 207,815 | 188,856 | 172,848 | 165,216 | 159,630 | 152,436 | 132,564 |
| Operating Expenses | 2.4% | 432,642 | 422,694 | 390,092 | 361,310 | 342,716 | 311,998 | 269,152 | 231,049 | 212,273 | 188,906 | 188,639 | 188,455 | 181,048 | 202,384 | 162,469 |
| S&GA Expenses | -2.6% | 78,090 | 80,209 | 81,022 | 71,693 | 65,908 | 59,501 | 50,878 | 44,906 | 39,294 | 34,439 | 33,472 | 32,148 | 32,822 | 37,816 | 31,340 |
| R&D Expenses | 1.1% | 146,529 | 144,916 | 143,885 | 140,674 | 140,358 | 130,523 | 115,684 | 100,107 | 89,886 | 77,895 | 74,970 | 72,417 | 69,214 | 77,908 | 59,973 |
| EBITDA | -100.0% | - | 78,787 | 86,221 | 81,893 | 64,171 | 57,427 | 73,915 | 63,457 | 55,161 | 62,666 | 46,527 | 49,115 | 49,026 | 18,900 | 32,840 |
| EBITDA Margin | -100.0% | - | 0.13* | 0.15* | 0.15* | 0.13* | 0.12* | 0.17* | 0.16* | 0.15* | 0.18* | 0.15* | 0.16* | 0.16* | 0.06* | 0.13* |
| Interest Expenses | 0.2% | 8,543 | 8,526 | 8,396 | 7,350 | 5,409 | 3,547 | 3,744 | 5,800 | 8,804 | 12,350 | 13,610 | 13,980 | 14,590 | 14,064 | 9,356 |
| Earnings Before Taxes | 31.7% | -25,610 | -37,519 | -23,885 | -23,820 | -36,356 | -31,088 | -18,201 | -20,805 | -29,156 | -28,815 | -42,657 | -38,469 | -37,008 | -64,740 | -39,597 |
| EBT Margin | 100.0% | - | -0.06* | -0.04* | -0.04* | -0.07* | -0.07* | -0.04* | -0.05* | -0.08* | -0.08* | -0.13* | -0.12* | -0.12* | -0.22* | -0.16* |
| Net Income | 32.1% | -15,674 | -23,098 | -25,296 | -27,355 | -39,304 | -34,732 | -19,503 | -21,229 | -29,591 | -29,974 | -43,568 | -39,622 | -39,006 | -67,732 | -40,390 |
| Net Income Margin | 100.0% | - | -0.07* | -0.04* | -0.05* | -0.08* | -0.07* | -0.05* | -0.05* | -0.08* | -0.09* | -0.14* | -0.13* | -0.13* | -0.23* | -0.16* |
| Free Cashflow | -100.0% | - | 94,308 | 88,763 | 54,432 | 50,492 | 45,956 | 36,042 | 23,454 | 4,209 | -23,355 | -40,102 | -39,546 | -62,300 | -77,416 | -13,602 |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 |
| Assets | -5.4% | 1,498 | 1,584 | 1,816 | 1,624 | 1,591 | 1,957 | 2,101 | 966 | 915 | 893 | 430 |
| Current Assets | -8.1% | 642 | 699 | 946 | 908 | 1,231 | 1,612 | 1,770 | 643 | 629 | 607 | 148 |
| Cash Equivalents | 475.1% | 120 | 21.00 | 141 | 24.00 | 72.00 | 465 | 1,715 | 590 | 577 | 560 | 103 |
| Net PPE | -2.6% | 271 | 278 | 273 | 271 | 268 | 259 | 250 | 241 | 243 | 243 | 239 |
| Goodwill | 0% | 297 | 297 | 315 | 315 | 32.00 | 32.00 | 32.00 | 32.00 | 3.00 | 3.00 | 3.00 |
| Liabilities | -1.2% | 1,765 | 1,787 | 1,768 | 1,593 | 1,542 | 1,529 | 1,523 | 790 | 57.00 | 48.00 | 329 |
| Current Liabilities | -1.9% | 167 | 171 | 166 | 99.00 | 74.00 | 62.00 | 58.00 | 58.00 | 55.00 | 46.00 | 85.00 |
| LT Debt, Current | - | - | - | - | - | - | - | - | - | - | - | 17.00 |
| LT Debt, Non Current | 0.1% | 1,474 | 1,472 | 1,470 | 1,468 | 1,467 | 1,465 | 1,463 | - | - | - | 242 |
| Shareholder's Equity | -32.1% | -267 | -202 | 48.00 | 30.00 | 47.00 | 427 | 578 | 906 | 858 | 845 | -72.09 |
| Retained Earnings | -15.6% | -266 | -230 | -214 | -200 | -210 | -204 | -186 | -174 | -172 | -170 | -167 |
| Additional Paid-In Capital | -100.0% | - | 29.00 | 264 | 235 | 269 | 639 | 770 | 1,086 | 1,036 | 1,020 | 100 |
| Shares Outstanding | -6.9% | 89.00 | 96.00 | 97.00 | 96.00 | 103 | 107 | 107 | 108 | 107 | 49.00 | 43.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Cashflow From Operations | 9.0% | 219 | 201 | 195 | 163 | 149 | 144 | 133 | 119 | 102 | 77.00 | 58.00 | 54.00 | 34.00 | 5.00 | 40.00 |
| Share Based Compensation | 7.4% | 120 | 111 | 106 | 102 | 97.00 | 81.00 | 62.00 | 42.00 | 36.00 | 27.00 | 29.00 | 33.00 | 24.00 | 38.00 | 19.00 |
| Cashflow From Investing | 216.0% | 255 | 81.00 | -1,148 | -1,232 | -1,223 | -1,210 | -113 | -111 | -106 | -111 | -115 | -113 | -118 | -112 | -87.38 |
| Cashflow From Financing | 41.7% | -417 | -716 | -610 | 513 | 569 | 972 | 1,593 | 462 | 456 | 503 | 124 | 177 | 270 | 338 | 50.00 |
| Buy Backs | -41.3% | 420 | 716 | 600 | 950 | 900 | 500 | 350 | - | - | - | - | - | - | - | - |
DOCN Income Statement
2022-12-31Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Income Statement [Abstract] | |||
| Revenue | $ 576,322 | $ 428,561 | $ 318,380 |
| Cost of revenue | 211,927 | 170,595 | 145,532 |
| Gross profit | 364,395 | 257,966 | 172,848 |
| Operating expenses: | |||
| Research and development | 143,885 | 115,684 | 74,970 |
| Sales and marketing | 81,022 | 50,878 | 33,472 |
| General and administrative | 165,185 | 102,590 | 80,197 |
| Total operating expenses | 390,092 | 269,152 | 188,639 |
| Loss from operations | (25,697) | (11,186) | (15,791) |
| Other (income) expense: | |||
| Interest expense | 8,396 | 3,744 | 13,610 |
| Loss on extinguishment of debt | 407 | 3,435 | 259 |
| Other (income) expense, net | (10,615) | (164) | 12,997 |
| Other (income) expense | (1,812) | 7,015 | 26,866 |
| Loss before income taxes | (23,885) | (18,201) | (42,657) |
| Income tax expense | 3,919 | 1,302 | 911 |
| Net loss attributable to common stockholders | $ (27,804) | $ (19,503) | $ (43,568) |
| Net loss per share attributable to common stockholders, basic (in dollars per share) | $ (0.28) | $ (0.21) | $ (1.05) |
| Net loss per share attributable to common stockholders, diluted (in dollars per share) | $ (0.28) | $ (0.21) | $ (1.05) |
| Weighted-average shares used to compute net loss per share, basic (in shares) | 100,806,000 | 93,224,000 | 41,658,000 |
| Weighted average shares used to compute net loss per share, diluted (in shares) | 41,658,000 | ||
DOCN Balance Sheet
2022-12-31Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 140,772 | $ 1,713,387 |
| Marketable securities | 723,462 | 0 |
| Accounts receivable, less allowance for credit losses of $6,099 and $4,212, respectively | 53,833 | 39,619 |
| Prepaid expenses and other current assets | 27,924 | 17,050 |
| Total current assets | 945,991 | 1,770,056 |
| Noncurrent assets: | ||
| Property and equipment, net | 273,170 | 249,643 |
| Restricted cash | 1,935 | 2,038 |
| Goodwill | 315,168 | 32,170 |
| Intangible assets, net | 118,928 | 42,915 |
| Operating lease right-of-use assets, net | 153,701 | 0 |
| Deferred tax assets | 751 | 88 |
| Other assets | 5,987 | 4,085 |
| Total assets | 1,815,631 | 2,100,995 |
| Current liabilities: | ||
| Accounts payable | 21,138 | 12,657 |
| Accrued other expenses | 33,987 | 31,907 |
| Deferred revenue | 5,550 | 4,826 |
| Operating lease liabilities, current | 57,432 | 0 |
| Other current liabilities | 47,409 | 8,849 |
| Total current liabilities | 165,516 | 58,239 |
| Noncurrent liabilities: | ||
| Deferred tax liabilities | 20,757 | 421 |
| Long-term debt | 1,470,270 | 1,462,676 |
| Operating lease liabilities, non-current | 107,693 | 0 |
| Other long-term liabilities | 3,826 | 1,462 |
| Total liabilities | 1,768,062 | 1,522,798 |
| 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, 2022 and December 31, 2021) | 0 | 0 |
| Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 96,732,507 and 109,175,863 issued; and 96,732,507 and 107,207,635 outstanding as of December 31, 2022 and December 31, 2021, respectively) | 2 | 2 |
| Treasury stock, at cost (0 shares at December 31, 2022 and 1,968,228 shares at December 31, 2021) | 0 | (4,598) |
| Additional paid-in capital | 263,957 | 769,705 |
| Accumulated other comprehensive loss | (2,048) | (374) |
| Accumulated deficit | (214,342) | (186,538) |
| Total stockholders’ equity | 47,569 | 578,197 |
| Total liabilities and stockholders’ equity | $ 1,815,631 | $ 2,100,995 |
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.