Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO - Get Free Report) was the recipient of 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. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 59,900 shares, the days-to-cover ratio is presently 1.1 days.

Docebo Trading Down 2.1 %

Shares of NASDAQ DCBO traded down $1.00 during mid-day trading on Friday, reaching $45.65. 50,366 shares of the company's stock were exchanged, compared to its average volume of 87,926. The company's 50-day moving average is $48.20 and its 200-day moving average is $43.49. 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 firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 78.71 and a beta of 1.55. Docebo has a 52-week low of $33.81 and a 52-week high of $56.41.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently made changes to their positions in the stock. Warburg Pincus LLC grew its stake in shares of Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock valued at $156,760,000 after buying an additional 190,434 shares in the last quarter. Long Path Partners LP grew its position in Docebo by 6.6% in the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company's stock valued at $32,323,000 after acquiring an additional 45,022 shares in the last quarter. Wellington Management Group LLP increased its stake in Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock worth $26,518,000 after purchasing an additional 547,666 shares during the period. CIBC Asset Management Inc lifted its position in shares of Docebo by 36.9% during the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company's stock worth $17,233,000 after purchasing an additional 120,396 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Docebo by 23.1% in the second quarter. Bank of Montreal Can now owns 371,690 shares of the company's stock valued at $14,198,000 after purchasing an additional 69,787 shares during the period. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.