Docebo (NASDAQ:DCBO) Hits New 12-Month Low - Should You Sell?

Docebo Inc. (NASDAQ:DCBO - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as $27.21 and last traded at $28.49, with a volume of 242 shares trading hands. The stock had previously closed at $29.29.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Atb Cap Markets raised Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Morgan Stanley set a $43.00 target price on shares of Docebo in a research note on Friday, February 28th. UBS Group set a $45.00 price objective on Docebo in a report on Tuesday, March 4th. Finally, Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $53.18.

Docebo Trading Down 4.7 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The business's 50-day simple moving average is $35.91 and its 200-day simple moving average is $42.61. The company has a market cap of $834.81 million, a price-to-earnings ratio of 47.62 and a beta of 1.60.

Institutional Trading of Docebo

Several institutional investors and hedge funds have recently made changes to their positions in DCBO. Wellington Management Group LLP boosted its holdings in Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock valued at $26,518,000 after acquiring an additional 547,666 shares during the last quarter. Warburg Pincus LLC lifted its stake in shares of Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock valued at $156,760,000 after purchasing an additional 190,434 shares in the last quarter. XTX Topco Ltd grew its holdings in shares of Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company's stock worth $495,000 after purchasing an additional 4,350 shares during the period. Luxor Capital Group LP acquired a new stake in Docebo during the 3rd quarter worth approximately $9,071,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Docebo during the third quarter valued at approximately $921,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

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About Docebo

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.