Docebo (NASDAQ:DCBO) Shares Gap Up – Time to Buy?

by · The Cerbat Gem

Docebo Inc. (NASDAQ:DCBO – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $22.18, but opened at $26.48. Docebo shares last traded at $21.88, with a volume of 26,878 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Needham & Company LLC reduced their price objective on shares of Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Docebo in a research note on Wednesday, October 8th. CIBC dropped their price objective on Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. TD Securities started coverage on Docebo in a report on Friday, October 3rd. They set a “buy” rating and a $37.00 target price on the stock. Finally, Zacks Research lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

View Our Latest Stock Analysis on Docebo

Docebo Price Performance

The company’s 50 day moving average is $27.27 and its 200-day moving average is $28.45. The firm has a market capitalization of $626.68 million, a price-to-earnings ratio of 29.41 and a beta of 1.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.05.

Institutional Investors Weigh In On Docebo

A number of large investors have recently added to or reduced their stakes in the stock. Warburg Pincus LLC grew its holdings in shares of Docebo by 11.1% during the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock worth $104,238,000 after purchasing an additional 362,840 shares in the last quarter. Long Path Partners LP raised its position in shares of Docebo by 30.5% in the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock valued at $34,055,000 after buying an additional 275,176 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 0.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock worth $15,132,000 after acquiring an additional 2,112 shares during the period. CIBC Asset Management Inc boosted its position in shares of Docebo by 3.8% during the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock worth $12,915,000 after acquiring an additional 16,432 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Docebo by 45.1% during the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after acquiring an additional 134,437 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

About Docebo

(Get Free Report)

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.

Featured Articles