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DigitalOcean Holdings, Inc. Stock Research

DOCN

35.13USD-0.36(-1.01%)Delayed

Market Summary

USD35.13-0.36
Delayed
-1.01%

DOCN Alerts

DOCN Stock Price

DOCN RSI Chart

DOCN Valuation

Market Cap

3.4B

Price/Earnings (Trailing)

-139.94

Price/Sales (Trailing)

5.9

EV/EBITDA

37.78

Price/Free Cashflow

38.28

DOCN Price/Sales (Trailing)

DOCN Profitability

Operating Margin

63.23%

EBT Margin

-4.23%

Return on Equity

-47.53%

Return on Assets

-1.34%

Free Cashflow Yield

2.61%

DOCN Fundamentals

DOCN Revenue

Revenue (TTM)

576.3M

Revenue Y/Y

36.22%

Revenue Q/Q

7.15%

DOCN Earnings

Earnings (TTM)

-24.3M

Earnings Y/Y

16.98%

Earnings Q/Q

-199.69%

Price Action

52 Week Range

23.3863.17
(Low)(High)

Last 7 days

0.2%

Last 30 days

5.3%

Last 90 days

41.9%

Trailing 12 Months

-41.8%

DOCN Financial Health

Current Ratio

5.76

Debt/Equity

30.3

Debt/Cashflow

0.1

DOCN Investor Care

Buy Backs (1Y)

9.77%

Diluted EPS (TTM)

-0.24

Financials for DigitalOcean Holdings

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue8.1%576533492462429
Gross Profit7.2%364340310284258
Operating Expenses8.1%391361343312269
  S&GA Expenses13.7%82.0072.0066.0060.0051.00
  R&D Expenses2.3%144141140131116
EBITDA5.3%86.0082.0064.0057.00-
EBITDA Margin-2.6%0.15*0.15*0.13*0.12*-
Earnings Before Taxes-7.0%-24.41-22.81-35.34-30.64-18.20
EBT Margin1.0%-0.04*-0.04*-0.07*-0.07*-
Interest Expenses14.2%8.007.005.004.004.00
Net Income7.8%-24.28-26.34-38.29-34.29-19.50
Net Income Margin14.7%-0.04*-0.05*-0.08*-0.07*-
Free Cahsflow63.1%89.0054.0050.0046.00-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets11.8%1,8161,6241,5911,9572,101
  Current Assets4.2%9479081,2311,6121,770
    Cash Equivalents483.8%14124.0072.004651,713
  Net PPE0.8%273271268259250
  Goodwill-0.5%31431532.0032.0032.00
Liabilities10.8%1,7651,5931,5421,5291,523
  Current Liabilities66.3%16499.0074.0062.0058.00
  Long Term Debt-1,463----
    LT Debt, Current------
    LT Debt, Non Current0.1%1,4701,4681,4671,4651,463
Shareholder's Equity69.1%51.0030.0048.00428578
  Retained Earnings-5.0%-210-200-210-204-186
  Additional Paid-In Capital12.2%264235269639770
Accumulated Depreciation6.6%322302283265-
Shares Outstanding0.5%97.0096.0097.00106107
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations19.9%195163149144133
  Share Based Compensation3.8%10610297.0081.0062.00
Cashflow From Investing6.8%-1,148-1,232-1,223-1,210-113
Cashflow From Financing-219.1%-6105135699721,593
  Buy Backs-36.8%600950900500350

Risks for DOCN

What is the probability of a big loss on DOCN?

66.7%


Probability that DigitalOcean Holdings stock will be more than 20% underwater in next one year

65.7%


Probability that DigitalOcean Holdings stock will be more than 30% underwater in next one year.

63.8%


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

Returns for DOCN

Cumulative Returns on DOCN

Which funds bought or sold DOCN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
sold off
-100
-298,000
-
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-10.16
-10,078,200
17,356,800
0.02%
2023-03-06
Rockefeller Capital Management L.P.
added
67.11
14,000
93,000
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
sold off
-100
-
-
-%
2023-02-28
Voya Investment Management LLC
reduced
-2.27
-328,844
725,156
-%
2023-02-27
Parallax Volatility Advisers, L.P.
reduced
-1.34
-2,098,580
4,776,420
0.01%
2023-02-21
MACQUARIE GROUP LTD
sold off
-100
-63,000
-
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-0.24
-1,111,970
2,626,030
-%
2023-02-17
TRUIST FINANCIAL CORP
reduced
-51.14
-655,072
342,928
-%
2023-02-16
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
new
-
458,409
458,409
-%

1–10 of 38

Latest Funds Activity

Are funds buying DOCN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own DOCN
No. of Funds

DigitalOcean Holdings News

MarketBeat

Bank of New York Mellon Corp Raises Stake in DigitalOcean ....

MarketBeat,
9 hours ago

Nasdaq

InvestorsObserver

Schedule 13G FIlings of DigitalOcean Holdings

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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

DOCN Fair Value

DigitalOcean Holdings fair value in different scenarios

The table shows the Fair Value estimates for DigitalOcean Holdings for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

-

-

0.97

-97.24%

4.72

-86.56%

9.67

-72.47%

14.05

-60.01%
Current Inflation

-

-

0.75

-97.87%

4.01

-88.59%

8.25

-76.52%

11.99

-65.87%
Very High Inflation

-

-

0.48

-98.63%

3.16

-91.00%

6.58

-81.27%

9.60

-72.67%

Historical DigitalOcean Holdings Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of DigitalOcean Holdings

View All Filings
Date Filed Form Type Document
Mar 16, 2023
8-K
Current Report
Mar 14, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading

Latest Insider Trading transactions for DOCN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-14
Guy Jeffrey Scott
sold
-196,000
35.00
-5,600
chief operating officer
2023-03-10
Guy Jeffrey Scott
sold
-224,064
35.01
-6,400
chief operating officer
2023-03-10
Guy Jeffrey Scott
acquired
40,320
6.72
6,000
chief operating officer
2023-03-08
Calderone Adrienne Elizabeth
acquired
-
-
23,993
svp, chief accounting officer
2023-03-03
Guy Jeffrey Scott
sold
-518,000
35.00
-14,800
chief operating officer
2023-03-02
Norman Harold Matthew
sold
-113,951
31.83
-3,580
chief people officer
2023-03-01
Calderone Adrienne Elizabeth
sold (taxes)
-27,598
31.98
-863
svp, chief accounting officer
2023-03-01
SHAPIRO ALAN
acquired
-
-
30,932
general counsel
2023-03-01
Norman Harold Matthew
acquired
-
-
25,051
chief people officer
2023-03-01
Norman Harold Matthew
sold (taxes)
-43,908
31.98
-1,373
chief people officer

1–10 of 50

Yancey L. Spruill
790
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.

DOCN Income Statement

2022-12-31
Condensed 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 revenue211,927170,595145,532
Gross profit364,395257,966172,848
Operating expenses:   
Research and development143,885115,68474,970
Sales and marketing81,54450,87833,472
General and administrative165,185102,59080,197
Total operating expenses390,614269,152188,639
Loss from operations(26,219)(11,186)(15,791)
Other (income) expense:   
Interest expense8,3963,74413,610
Loss on extinguishment of debt4073,435259
Other (income) expense, net(10,615)(164)12,997
Other (income) expense(1,812)7,01526,866
Loss before income taxes(24,407)(18,201)(42,657)
Income tax (benefit) expense(124)1,302911
Net loss attributable to common stockholders$ (24,283)$ (19,503)$ (43,568)
Net loss per share attributable to common stockholders, basic (in dollars per share)$ (0.24)$ (0.21)$ (1.05)
Net loss per share attributable to common stockholders, diluted (in dollars per share)$ (0.24)$ (0.21)$ (1.05)
Weighted-average shares used to compute net loss per share, basic (in shares)100,806,00093,224,00041,658,000
Weighted average shares used to compute net loss per share, diluted (in shares)  41,658,000

DOCN Balance Sheet

2022-12-31
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 140,772$ 1,713,387
Marketable securities723,4620
Accounts receivable, less allowance for credit losses of $6,099 and $4,212, respectively53,83339,619
Prepaid expenses and other current assets28,48517,050
Total current assets946,5521,770,056
Noncurrent assets:  
Property and equipment, net273,170249,643
Restricted cash1,9352,038
Goodwill313,71832,170
Intangible assets, net118,92842,915
Operating lease right-of-use assets, net154,5010
Deferred tax assets75188
Other assets6,3534,085
Total assets1,815,9082,100,995
Current liabilities:  
Accounts payable21,13812,657
Accrued other expenses33,98731,907
Deferred revenue5,5504,826
Operating lease liabilities, current57,6820
Other current liabilities45,9138,849
Total current liabilities164,27058,239
Noncurrent liabilities:  
Deferred tax liabilities18,209421
Long-term debt1,470,2701,462,676
Operating lease liabilities, non-current108,2430
Other long-term liabilities3,8261,462
Total liabilities1,764,8181,522,798
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)00
Common stock ($0.000025 par value per share; 750,000,000 shares authorized; 96,732,507 and 109,175,863 issued; and 96,732,507 and 107,207,635 outstanding as of December 31, 2022 and December 31, 2021, respectively)22
Treasury stock, at cost (0 shares at December 31, 2022 and 1,968,228 shares at December 31, 2021)0(4,598)
Additional paid-in capital263,957769,705
Accumulated other comprehensive loss(2,048)(374)
Accumulated deficit(210,821)(186,538)
Total stockholders’ equity51,090578,197
Total liabilities and stockholders’ equity$ 1,815,908$ 2,100,995