DigitalOcean Holdings, Inc.
In the published model solve dated 2026-Q2, anchored at $112.47, DigitalOcean Holdings, Inc. (DOCN) is priced for today's economics sustained for ~24.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• DigitalOcean is the only profitable member of its own peer group, earning an operating margin of about 17% over the trailing year while NET ran negative 9.3%, FSLY negative 16.0% and CRWV negative 2.6%. • The AI business is the whole story and it is arriving fast: annualised revenue from AI customers went from 53 million dollars in March 2025 to 170 million dollars in March 2026, inside a total annual run rate of 1,032 million dollars [Source: DigitalOcean Q1 2026 Form 10-Q, May 5, 2026]. • Th
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434 institutional managers reported holding DOCN in 13F filings for the quarter ended 2026-03-31. Together they hold about 82% of the company; the top 10 hold 38%. 119 opened new positions that quarter. Held by BlackRock, Vanguard Group, Wellington Management, among others. On the short side, 12.2M shares were sold short as of the 2026-06-15 count, about 11% of shares outstanding (4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DOCN has cut its share count 12.9% over the past five years, spending $1.58B on repurchases. It pays no dividend. Cash returned over the past three years: $261.45M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at DOCN over the trailing three years: 2023: 1 buy totaling $103k. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DOCN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-12 | +2.2% | -35.9% |
| 2023-11-03 | +24.7% | +43.0% |
| 2024-02-22 | +5.4% | -16.9% |
| 2024-05-11 | +10.3% | -7.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DOCN's latest 8-K filings: 2026-08-04 (items 2.02, 9.01); 2026-07-24 (items 8.01); 2026-07-23 (items 8.01, 9.01); 2026-07-07 (items 2.02, 9.01); 2026-06-17 (items 5.07).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.