Docebo (NASDAQ:DCBO) Sees Large Volume Increase – Time to Buy?

Shares of 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

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

Docebo Stock Performance

The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $45.84 and a two-hundred day moving average price of $41.51. The stock has a market cap of $1.46 billion, a P/E ratio of 82.84 and a beta of 1.54.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently modified their holdings of DCBO. Stanley Laman Group Ltd. acquired a new stake in shares of Docebo during the 2nd quarter valued at about $843,000. Bank of Montreal Can grew its position in shares of Docebo by 23.1% during the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock valued at $14,198,000 after acquiring an additional 69,787 shares during the period. Rice Hall James & Associates LLC acquired a new stake in shares of Docebo during the 3rd quarter valued at about $3,907,000. Acadian Asset Management LLC grew its position in shares of Docebo by 109.0% during the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock valued at $2,611,000 after acquiring an additional 27,897 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Docebo by 15.1% during the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock valued at $4,589,000 after acquiring an additional 15,600 shares during the period. Hedge funds and other institutional investors own 53.17% of the company’s stock.

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.