Docebo (NASDAQ:DCBO) Shares Down 6.3% - Here's Why

Docebo Inc. (NASDAQ:DCBO - Get Free Report)'s stock price traded down 6.3% during trading on Friday . The stock traded as low as $42.04 and last traded at $42.45. 12,119 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 32,833 shares. The stock had previously closed at $45.29.

Analysts Set New Price Targets

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

Docebo Price Performance

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 firm has a market cap of $1.33 billion, a P/E ratio of 76.00 and a beta of 1.55. The company's 50-day moving average is $48.12 and its two-hundred day moving average is $43.64.

Institutional Trading of Docebo

Several large investors have recently made changes to their positions in the company. Warburg Pincus LLC boosted its holdings 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. Long Path Partners LP lifted its position in shares of Docebo by 6.6% during the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company's stock worth $32,323,000 after buying an additional 45,022 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 buying an additional 547,666 shares in the last quarter. Bank of Montreal Can grew its position in 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 acquiring an additional 69,787 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Docebo by 42.5% during the second quarter. American Century Companies Inc. now owns 237,575 shares of the company's stock worth $9,174,000 after acquiring an additional 70,859 shares in the last quarter. Institutional investors and hedge funds 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.