Docebo Inc. (NASDAQ:DCBO) Short Interest Update

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 15th, there was short interest totalling 94,400 shares, a growth of 65.3% from the February 28th total of 57,100 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 79,200 shares, the days-to-cover ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Morgan Stanley set a $43.00 price target on shares of Docebo in a report on Friday, February 28th. UBS Group set a $45.00 price target on Docebo in a research note on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Finally, Scotiabank cut their price target on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $53.18.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in shares of Docebo by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company's stock worth $1,832,000 after acquiring an additional 360 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its stake in Docebo by 3.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company's stock worth $517,000 after purchasing an additional 400 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Docebo by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after purchasing an additional 949 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Docebo by 10.5% in the 4th quarter. Advisory Services Network LLC now owns 16,065 shares of the company's stock valued at $720,000 after buying an additional 1,526 shares during the period. Finally, Jump Financial LLC raised its position in shares of Docebo by 33.3% during the 4th quarter. Jump Financial LLC now owns 8,320 shares of the company's stock valued at $372,000 after buying an additional 2,080 shares during the period. Hedge funds and other institutional investors own 53.17% of the company's stock.

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Docebo Price Performance

DCBO stock traded up $1.11 during mid-day trading on Wednesday, reaching $30.69. The company's stock had a trading volume of 68,490 shares, compared to its average volume of 83,211. The stock has a market cap of $929.11 million, a PE ratio of 52.91 and a beta of 1.60. The company's 50 day moving average is $36.18 and its two-hundred day moving average is $42.70. Docebo has a fifty-two week low of $27.53 and a fifty-two week high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.