Balance Sheet Dive: DigitalOcean Holdings Inc (DOCN)’s Debt-to-Equity and Long-Term Debt/Eq Ratios

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After finishing at $34.67 in the prior trading day, DigitalOcean Holdings Inc (NYSE: DOCN) closed at $32.41, down -6.52%. In other words, the price has decreased by -$6.52 from its previous closing price. On the day, 1.22 million shares were traded. DOCN stock price reached its highest trading level at $34.5899 during the session, while it also had its lowest trading level at $32.39.


Our goal is to gain a better understanding of DOCN by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 24.50. For the most recent quarter (mrq), Quick Ratio is recorded 2.73 and its Current Ratio is at 2.73.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, UBS on May 22, 2024, initiated with a Neutral rating and assigned the stock a target price of $40.

On November 21, 2023, Oppenheimer Upgraded its rating to Outperform which previously was Perform but kept the price unchanged to $37.

Goldman Upgraded its Sell to Buy on November 07, 2023, while the target price for the stock was maintained at $33.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 07 ’24 when Butte Amy sold 5,220 shares for $37.46 per share. The transaction valued at 195,541 led to the insider holds 36,417 shares of the business.

Butte Amy sold 3,760 shares of DOCN for $138,368 on Feb 26 ’24. The Director now owns 36,220 shares after completing the transaction at $36.80 per share. On Nov 22 ’23, another insider, Spruill Yancey L., who serves as the Chief Executive Officer of the company, sold 309,700 shares for $28.52 each. As a result, the insider received 8,832,644 and left with 4,954,067 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DOCN now has a Market Capitalization of 3158137088 and an Enterprise Value of 4189285888. As of this moment, DigitalOcean’s Price-to-Earnings (P/E) ratio for their current fiscal year is 62.62, and their Forward P/E ratio for the next fiscal year is 17.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.14. Its current Enterprise Value per Revenue stands at 5.88 whereas that against EBITDA is 20.843.

Stock Price History:

The Beta on a monthly basis for DOCN is 1.81, which has changed by -0.32366443 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, DOCN has reached a high of $51.69, while it has fallen to a 52-week low of $19.39. The 50-Day Moving Average of the stock is -9.16%, while the 200-Day Moving Average is calculated to be -2.01%.

Shares Statistics:

The stock has traded on average 1.41M shares per day over the past 3-months and 929480 shares per day over the last 10 days, according to various share statistics. A total of 90.24M shares are outstanding, with a floating share count of 57.42M. Insiders hold about 36.96% of the company’s shares, while institutions hold 49.29% stake in the company. Shares short for DOCN as of 1718323200 were 7985416 with a Short Ratio of 5.66, compared to 1715731200 on 8082557. Therefore, it implies a Short% of Shares Outstanding of 7985416 and a Short% of Float of 12.3.

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