In addition to my Substack newsletter, I also run a Stocktwits room where I post my current holdings, buys & sells, investment models, technical analysis and market commentary for both my Investment Portfolio (long term, strong fundamentals, 20-30 holdings) and my Trading Portfolio (short term, strong technicals, 0-10 holdings). The two options are $15/month for the monthly plan [click here] or $150/year for the annual plan [click here].
You can now signup for my new Substack called Jonah’s Trading Charts which is focused exclusively on the technicals — every day (usually pre-market) I’ll send out an email with my favorite trading charts/setups. You’ll also have access to my trading portfolio with current positions/sizes, entry/exit prices, profits/losses and much more. I’m also doing live charting and live trading 3-4 times per week.
Company: Digital Ocean
Ticker: $DOCN
Website: DigitalOcean.com
Founded: June 2011 [click here]
IPO date: March 24, 2021
IPO price: $47 per share — opened at $41.50 and closed at $42.50 [click here]
Current stock price: $68.00 (price as of 10:45am EST on January 13th)
Outstanding shares: 109 million
52 week high: $133.40 on November 19, 2021
52 week low: $35.35 on May 13, 2021
Market cap: $7.4 billion
Enterprise value: $6.8 billion
Headquarters: New York City, NY
Number of employees: 580+
Average price target from analysts: $116.44
Investor relations [click here]
2021 Q3 earnings report [click here]
2021 Q3 earnings presentation [click here]
2021 Q3 earnings call webcast [click here]
2021 Q3 earnings call transcript [click here]
UBS Global TMT Virtual Conference, December 2021 [click here]
Barclays Global TMT Conference, December 2021 [click here]
Wells Fargo Tech Conference, December 2021 [click here]
$DOCN prices $1.3 billion convertible senior notes offering [click here]
If you’re interested in $DOCN as an investor or customer, I suggest watching some of their YouTube videos [click here]
PERFORMANCE DATA AS OF CLOSING PRICE ON JANUARY 12, 2022:
-10.94% YTD
-15.06% over the past month
-14.63% over the past 3 months
+28.28% over the past 6 months
+70.37% since the IPO
I worked on this $DOCN writeup with Chad, you can find him at @chadbensonw
OVERVIEW:
Cloud computing is revolutionizing how companies across the globe are developing and deploying applications. The cloud environment offers lower upfront cost and superior flexibility, extensibility and scalability as compared to on-premises software development environments. These benefits are especially valuable for small and medium sized businesses (SMBs), early-stage start-ups and individual developers, as they typically have more limited financial resources, operational expertise, and IT personnel. In today's ever-changing business climate, these users must get what they need right when they need it, whether they’re on their computers, tablets, or mobile phones – or in the office, out in the field, or on the road.
DigitalOcean ($DOCN) was founded in 2012 by brothers Ben and Moisey Uretsky who also founded ServerStack, a managed hosting business. $DOCN was formed as a one-stop cloud infrastructure solutions provider for the underserved market like individuals, start-ups and SMBs, thus helping them turn their ideas into an application, website or tool that is available globally in a matter of minutes and at a manageable and transparent price point. The company’s products are developed with a focus on providing on-demand infrastructure and platform tools that are easy to leverage, broadly accessible, reliable, and affordable.