DOCN shares jumped 60.14% over the past month, driven by strong Q4 revenue and profitability exceeding expectations.
DigitalOcean Holdings (DOCN) closed at $158.46 on May 22, 2026, reflecting a 60.14% one-month return and a 466.13% gain over the past 52 weeks. The company’s market capitalization reached $16.54 billion.
The surge followed a strong fiscal fourth-quarter report, with net new annual recurring revenue hitting a record and net revenue retention accelerating. The results surpassed expectations on both revenue and profitability, according to an investor letter.
DigitalOcean’s performance was highlighted as a contributor to positive fund returns, with its developer-friendly cloud platform attracting startups and mid-sized businesses underserved by larger providers.