Docebo (NASDAQ:DCBO) Sees Strong Trading Volume – What’s Next?

Docebo Inc. (NASDAQ:DCBO) saw an uptick in trading volume on Thursday . 140,268 shares traded hands during mid-day trading, an increase of 56% from the previous session’s volume of 90,125 shares.The stock last traded at $48.19 and had previously closed at $48.05.

Analyst Ratings Changes

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

Docebo Stock Performance

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 84.53 and a beta of 1.54. The stock has a 50-day simple moving average of $46.10 and a 200-day simple moving average of $41.57.

Institutional Trading of Docebo

Several hedge funds and other institutional investors have recently bought and sold shares of DCBO. Plato Investment Management Ltd acquired a new stake in shares of Docebo during the third quarter worth $35,000. Barclays PLC bought a new position in Docebo in the third quarter worth about $142,000. Point72 Asset Management L.P. acquired a new position in Docebo in the second quarter valued at approximately $189,000. Riverwater Partners LLC bought a new position in shares of Docebo during the third quarter valued at approximately $200,000. Finally, Pathway Financial Advisors LLC bought a new stake in shares of Docebo in the 3rd quarter worth approximately $221,000. 53.17% of the stock is owned by institutional investors.

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.