Digitalocean Holdings Stock Today

DOCN Stock  USD 35.50  0.98  2.69%   

Performance

1 of 100

 
Weak
 
Strong
Weak

Odds Of Distress

Over 57

 
High
 
Low
Above Average
DigitalOcean Holdings is selling at 35.50 as of the 12th of April 2024; that is -2.69 percent decrease since the beginning of the trading day. The stock's open price was 36.48. DigitalOcean Holdings has over 57 % chance of experiencing financial distress in the next 2 years of operation and did not have a very good performance during the last 90 trading days. Equity ratings for DigitalOcean Holdings are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of March 2024 and ending today, the 12th of April 2024. Click here to learn more.
Business Domain
Software & Services
IPO Date
24th of March 2021
Category
Technology
Classification
Information Technology
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York. Digitalocean Holdings operates under SoftwareInfrastructure classification in the United States and is traded on New York Stock Exchange. The company has 90.8 M outstanding shares of which 6.33 M shares are currently shorted by private and institutional investors with about 4.57 trading days to cover. More on DigitalOcean Holdings

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DigitalOcean Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. DigitalOcean Holdings' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding DigitalOcean Holdings or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEO DirectorPadmanabhan Srinivasan
Thematic IdeaBusiness Services (View all Themes)
Business ConcentrationInternet Services & Infrastructure, Software - Infrastructure, Information Technology, NYSE Composite, Business Services, Information Technology, IT Services, Software—Infrastructure, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering DigitalOcean Holdings report their recommendations after researching DigitalOcean Holdings' financial statements, talking to executives and customers, or listening in on DigitalOcean Holdings' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering DigitalOcean Holdings. The DigitalOcean consensus assessment is calculated by taking the average forecast from all of the analysts covering DigitalOcean Holdings.
Financial Strength
Based on the key indicators related to DigitalOcean Holdings' liquidity, profitability, solvency, and operating efficiency, DigitalOcean Holdings is doing better financially then in previous quarter. It has a moderate chance of reporting better financial numbers in May. Financial strength of DigitalOcean Holdings is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.570.4743
Fairly Up
Slightly volatile
Gross Profit Margin0.460.5902
Significantly Down
Slightly volatile
Total Current Liabilities116.6 M192.6 M
Way Down
Slightly volatile
Non Current Liabilities Total1.2 B1.6 B
Way Down
Slightly volatile
Total Assets1.3 B1.5 B
Significantly Down
Slightly volatile
Total Current Assets637.8 M503 M
Significantly Up
Slightly volatile
Total Cash From Operating Activities128.2 M234.9 M
Way Down
Slightly volatile
DigitalOcean Holdings' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to DigitalOcean Holdings' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand DigitalOcean Holdings' financial leverage. It provides some insight into what part of DigitalOcean Holdings' total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on DigitalOcean Holdings' books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how DigitalOcean Holdings deploys its capital and how much of that capital is borrowed.
Liquidity
DigitalOcean Holdings cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 1.66 B in liabilities. DigitalOcean Holdings has a current ratio of 16.26, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist DigitalOcean Holdings until it has trouble settling it off, either with new capital or with free cash flow. So, DigitalOcean Holdings' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like DigitalOcean Holdings sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for DigitalOcean to invest in growth at high rates of return. When we think about DigitalOcean Holdings' use of debt, we should always consider it together with cash and equity.

Begin Period Cash Flow

144.22 Million
DigitalOcean Holdings (DOCN) is traded on New York Stock Exchange in USA. It is located in 101 6th Avenue, New York, NY, United States, 10013 and employs 1,156 people. DigitalOcean Holdings is listed under Internet Services & Infrastructure category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 3.33 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate DigitalOcean Holdings's market, we take the total number of its shares issued and multiply it by DigitalOcean Holdings's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. DigitalOcean Holdings conducts business under IT Services sector and is part of Information Technology industry. The entity has 90.8 M outstanding shares of which 6.33 M shares are currently shorted by private and institutional investors with about 4.57 trading days to cover. DigitalOcean Holdings currently holds about 1.17 B in cash with 234.94 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 12.03.
Check DigitalOcean Holdings Probability Of Bankruptcy
Ownership Allocation
DigitalOcean Holdings holds a total of 90.8 Million outstanding shares. Over half of DigitalOcean Holdings' outstanding shares are owned by other corporate entities. These other corporate entities are typically referred to as corporate investors that obtain positions in a given instrument to benefit from reduced trade commissions. Consequently, these institutions are subject to different rules and regulations than regular investors in DigitalOcean Holdings. Please watch out for any change in the institutional holdings of DigitalOcean Holdings as this could mean something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check DigitalOcean Ownership Details

DigitalOcean Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of DigitalOcean Holdings jumping above the current price in 90 days from now is about 79.25%. The DigitalOcean Holdings probability density function shows the probability of DigitalOcean Holdings stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 2.7839 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, DigitalOcean Holdings will likely underperform. Additionally, digitalOcean Holdings has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 35.5HorizonTargetOdds Above 35.5
20.59%90 days
 35.50 
79.25%
Based on a normal probability distribution, the odds of DigitalOcean Holdings to move above the current price in 90 days from now is about 79.25 (This DigitalOcean Holdings probability density function shows the probability of DigitalOcean Stock to fall within a particular range of prices over 90 days) .

DigitalOcean Stock Institutional Holders

Institutional Holdings refers to the ownership stake in DigitalOcean Holdings that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of DigitalOcean Holdings' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing DigitalOcean Holdings' value.
InstituionRecorded OnShares
Goldman Sachs Group Inc2023-12-31
898.6 K
Principal Financial Group Inc2023-12-31
861 K
Jacobs Levy Equity Management, Inc.2023-09-30
784 K
Dimensional Fund Advisors, Inc.2023-12-31
774.4 K
Fuller & Thaler Asset Management Inc2023-12-31
711.2 K
Hood River Capital Management Llc2023-12-31
692.4 K
Mubadala Investment Company Pjsc2023-12-31
596.4 K
Fmr Inc2023-12-31
594.7 K
Northern Trust Corp2023-12-31
568.9 K
Vanguard Group Inc2023-12-31
M
Blackrock Inc2023-12-31
5.2 M
View DigitalOcean Holdings Diagnostics

DigitalOcean Holdings Historical Income Statement

DigitalOcean Holdings Income Statement is one of the three primary financial statements used for reporting DigitalOcean's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of DigitalOcean Holdings revenue and expense. DigitalOcean Holdings Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, DigitalOcean Holdings' EBITDA is very stable compared to the past year. As of the 12th of April 2024, Income Before Tax is likely to grow to about 28.1 M, while Depreciation And Amortization is likely to drop about 91.6 M. View More Fundamentals

DigitalOcean Stock Against Markets

Picking the right benchmark for DigitalOcean Holdings stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in DigitalOcean Holdings stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for DigitalOcean Holdings is critical whether you are bullish or bearish towards DigitalOcean Holdings at a given time. Please also check how DigitalOcean Holdings' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in DigitalOcean Holdings without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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DigitalOcean Holdings Corporate Management

Elected by the shareholders, the DigitalOcean Holdings' board of directors comprises two types of representatives: DigitalOcean Holdings inside directors who are chosen from within the company, and outside directors, selected externally and held independent of DigitalOcean. The board's role is to monitor DigitalOcean Holdings' management team and ensure that shareholders' interests are well served. DigitalOcean Holdings' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, DigitalOcean Holdings' outside directors are responsible for providing unbiased perspectives on the board's policies.
Carly BrantzChief Marketing OfficerProfile
Adrienne CPAVP OfficerProfile
Rob IRCVice RelationsProfile
Cherie BarrettSenior OfficerProfile
Hilary SchneiderIndependent DirectorProfile

How to buy DigitalOcean Stock?

Before investing in DigitalOcean Holdings, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in DigitalOcean Holdings. To buy DigitalOcean Holdings stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of DigitalOcean Holdings. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase DigitalOcean Holdings stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located DigitalOcean Holdings stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased DigitalOcean Holdings stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as DigitalOcean Holdings, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy DigitalOcean Stock please use our How to Invest in DigitalOcean Holdings guide.

Already Invested in DigitalOcean Holdings?

The danger of trading DigitalOcean Holdings is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of DigitalOcean Holdings is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than DigitalOcean Holdings. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile DigitalOcean Holdings is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether DigitalOcean Holdings offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of DigitalOcean Holdings' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Digitalocean Holdings Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Digitalocean Holdings Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DigitalOcean Holdings. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
To learn how to invest in DigitalOcean Stock, please use our How to Invest in DigitalOcean Holdings guide.
Note that the DigitalOcean Holdings information on this page should be used as a complementary analysis to other DigitalOcean Holdings' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Complementary Tools for DigitalOcean Stock analysis

When running DigitalOcean Holdings' price analysis, check to measure DigitalOcean Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy DigitalOcean Holdings is operating at the current time. Most of DigitalOcean Holdings' value examination focuses on studying past and present price action to predict the probability of DigitalOcean Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move DigitalOcean Holdings' price. Additionally, you may evaluate how the addition of DigitalOcean Holdings to your portfolios can decrease your overall portfolio volatility.
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Is DigitalOcean Holdings' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of DigitalOcean Holdings. If investors know DigitalOcean will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about DigitalOcean Holdings listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
1.525
Earnings Share
0.2
Revenue Per Share
7.687
Quarterly Revenue Growth
0.11
Return On Assets
0.0254
The market value of DigitalOcean Holdings is measured differently than its book value, which is the value of DigitalOcean that is recorded on the company's balance sheet. Investors also form their own opinion of DigitalOcean Holdings' value that differs from its market value or its book value, called intrinsic value, which is DigitalOcean Holdings' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because DigitalOcean Holdings' market value can be influenced by many factors that don't directly affect DigitalOcean Holdings' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between DigitalOcean Holdings' value and its price as these two are different measures arrived at by different means. Investors typically determine if DigitalOcean Holdings is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, DigitalOcean Holdings' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.