Short Interest in Docebo Inc. (NASDAQ:DCBO) Rises By 35.0%

Docebo Inc. (NASDAQ:DCBO - Get Free Report) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 127,400 shares, a growth of 35.0% from the March 15th total of 94,400 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 86,600 shares, the days-to-cover ratio is presently 1.5 days.

Docebo Price Performance

DCBO stock traded up $1.59 on Thursday, reaching $31.78. 33,466 shares of the company's stock were exchanged, compared to its average volume of 85,171. The stock has a fifty day moving average of $31.62 and a 200-day moving average of $40.94. The firm has a market cap of $961.96 million, a PE ratio of 54.74 and a beta of 1.59. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a twelve month low of $26.00 and a twelve month high of $53.86.

Hedge Funds Weigh In On Docebo

Large investors have recently made changes to their positions in the stock. Long Path Partners LP boosted its holdings in Docebo by 1.2% during the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company's stock worth $33,132,000 after buying an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after acquiring an additional 412,403 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock valued at $19,504,000 after purchasing an additional 134,867 shares in the last quarter. Artisan Partners Limited Partnership acquired a new position in Docebo during the fourth quarter worth $17,163,000. Finally, American Century Companies Inc. boosted its position in Docebo by 27.6% during the fourth quarter. American Century Companies Inc. now owns 337,777 shares of the company's stock worth $15,147,000 after purchasing an additional 73,149 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DCBO. UBS Group set a $45.00 price objective on Docebo in a research note on Tuesday, March 4th. Scotiabank lowered their price objective on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley reduced their target price on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and set a $42.00 price target on shares of Docebo in a report on Thursday, April 10th. Finally, Atb Cap Markets raised Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Docebo currently has a consensus rating of "Buy" and a consensus target price of $51.36.

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.