Short Interest in Docebo Inc. (NASDAQ:DCBO) Increases By 65.3%

Docebo Inc. (NASDAQ:DCBO) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 94,400 shares, a growth of 65.3% from the February 28th total of 57,100 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average trading volume of 79,200 shares, the short-interest ratio is currently 1.2 days.

Wall Street Analyst Weigh In

Several brokerages recently commented on DCBO. UBS Group set a $45.00 price target on shares of Docebo in a research report on Tuesday, March 4th. Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 4th. Morgan Stanley set a $43.00 target price on Docebo in a report on Friday, February 28th. Finally, Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Docebo currently has an average rating of “Buy” and an average price target of $53.18.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently modified their holdings of the business. Quantbot Technologies LP acquired a new stake in shares of Docebo in the 4th quarter worth about $132,000. Tower Research Capital LLC TRC raised its holdings in shares of Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after buying an additional 949 shares during the last quarter. Barclays PLC acquired a new position in shares of Docebo during the third quarter worth approximately $142,000. Deutsche Bank AG acquired a new position in shares of Docebo during the fourth quarter valued at $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Docebo in the fourth quarter worth about $255,000. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Down 1.7 %

Shares of DCBO stock traded down $0.51 during trading hours on Monday, hitting $28.78. 74,156 shares of the company were exchanged, compared to its average volume of 83,245. The stock has a market capitalization of $871.38 million, a price-to-earnings ratio of 49.84 and a beta of 1.60. Docebo has a one year low of $27.61 and a one year high of $53.86. The business’s 50-day simple moving average is $36.96 and its two-hundred day simple moving average is $42.97. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

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.