Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 64,800 shares, a drop of 33.4% from the November 30th total of 97,300 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 59,900 shares, the short-interest ratio is presently 1.1 days.

Analysts Set New Price Targets

Several analysts have issued reports on the company. CIBC increased their target price on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Needham & Company LLC increased their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum increased their price objective on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $57.36.

Hedge Funds Weigh In On Docebo

Institutional investors have recently added to or reduced their stakes in the business. Plato Investment Management Ltd acquired a new position in shares of Docebo during the third quarter worth $35,000. Barclays PLC bought a new position in Docebo during the 3rd quarter valued at $142,000. Riverwater Partners LLC acquired a new position in Docebo during the third quarter worth about $200,000. Point72 Asset Management L.P. bought a new stake in shares of Docebo in the 2nd quarter worth approximately $189,000. Finally, Pathway Financial Advisors LLC acquired a new stake in shares of Docebo during the 3rd quarter valued at $221,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Stock Down 2.1 %

Docebo stock opened at $45.65 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $48.20 and its two-hundred day moving average is $43.45. Docebo has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 78.71 and a beta of 1.55.

Docebo Company Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.