Digitalocean Holdings Stock Today
| DOCN Stock | USD 37.43 0.09 0.24% |
Performance2 of 100
| Odds Of DistressOver 54
|
DigitalOcean Holdings is selling at 37.43 as of the 31st of August 2024; that is 0.24 percent increase since the beginning of the trading day. The stock's open price was 37.34. DigitalOcean Holdings has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor 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 2nd of June 2024 and ending today, the 31st of August 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 92.06 M outstanding shares of which 7.08 M shares are currently shorted by private and institutional investors with about 4.35 trading days to cover. More on DigitalOcean Holdings
Moving against DigitalOcean Stock
Follow Valuation Options Odds of Bankruptcy
Check how we calculate scores
DigitalOcean Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| CEO Director | Padmanabhan Srinivasan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Business Services (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Internet Services & Infrastructure, Software - Infrastructure, Information Technology, NYSE Composite, SP Small-Cap 600, ISE Cloud Computing, Business Services, Information Technology, IT Services, Software—Infrastructure, Technology (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt LevelsDigitalOcean Holdings can leverage 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.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 3.45 B. DigitalOcean Holdings conducts business under IT Services sector and is part of Information Technology industry. The entity has 92.06 M outstanding shares of which 7.08 M shares are currently shorted by private and institutional investors with about 4.35 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 AllocationDigitalOcean Holdings holds a total of 92.06 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. 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 Institutional Holders
| Instituion | Recorded On | Shares | |
| Wellington Management Company Llp | 2024-06-30 | 1.2 M | |
| Dimensional Fund Advisors, Inc. | 2024-06-30 | 1.1 M | |
| Amvescap Plc. | 2024-03-31 | 1.1 M | |
| Jacobs Levy Equity Management, Inc. | 2024-06-30 | 1.1 M | |
| Hood River Capital Management Llc | 2024-06-30 | 823.7 K | |
| Bank Of New York Mellon Corp | 2024-06-30 | 766 K | |
| Goldman Sachs Group Inc | 2024-06-30 | 688 K | |
| Fmr Inc | 2024-03-31 | 683.1 K | |
| Morgan Stanley - Brokerage Accounts | 2024-03-31 | 648.9 K | |
| Blackrock Inc | 2024-06-30 | 9.4 M | |
| Vanguard Group Inc | 2024-06-30 | 7.9 M |
DigitalOcean Holdings Historical Income Statement
DigitalOcean Stock Against Markets
DigitalOcean Holdings Corporate Management
| Cherie Barrett | Senior Officer | Profile | |
| Wade Wegner | Chief Officer | Profile | |
| Gabriel Monroy | Chief Officer | Profile | |
| Bratin Saha | Chief Officer | Profile | |
| Lawrence DAngelo | Chief Officer | Profile | |
| Warren Jenson | Independent Director | Profile |
Additional Information and Resources on Investing in DigitalOcean Stock
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 closely tied 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.You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Is Internet Services & Infrastructure space 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 25.77 | Earnings Share 0.72 | Revenue Per Share 8.214 | Quarterly Revenue Growth 0.133 | Return On Assets 0.0442 |
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.