Docebo Inc. (NASDAQ:DCBO – Get Rating) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 185,400 shares, a decrease of 14.4% from the July 31st total of 216,600 shares. Based on an average trading volume of 61,200 shares, the short-interest ratio is currently 3.0 days. Currently, 1.1% of the shares of the stock are sold short.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of DCBO. Bank of America Corp DE lifted its holdings in shares of Docebo by 51.2% during the 4th quarter. Bank of America Corp DE now owns 170,624 shares of the company's stock worth $11,493,000 after acquiring an additional 57,778 shares during the period. Shell Asset Management Co. lifted its holdings in shares of Docebo by 51.6% during the 4th quarter. Shell Asset Management Co. now owns 1,642 shares of the company's stock worth $110,000 after acquiring an additional 559 shares during the period. Atika Capital Management LLC lifted its holdings in shares of Docebo by 26.0% during the 4th quarter. Atika Capital Management LLC now owns 286,200 shares of the company's stock worth $22,293,000 after acquiring an additional 59,000 shares during the period. Alberta Investment Management Corp lifted its holdings in shares of Docebo by 3.2% during the 4th quarter. Alberta Investment Management Corp now owns 32,254 shares of the company's stock worth $2,167,000 after acquiring an additional 1,000 shares during the period. Finally, Akkr Management Company LLC purchased a new position in shares of Docebo during the 4th quarter worth about $12,884,000. 38.45% of the stock is currently owned by hedge funds and other institutional investors.
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Analyst Upgrades and Downgrades
A number of brokerages recently commented on DCBO. CIBC lowered their price objective on shares of Docebo from C$63.50 to C$54.00 in a research note on Tuesday, June 14th. TD Securities lowered their price objective on shares of Docebo from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Friday, August 12th. Finally, Morgan Stanley upped their target price on shares of Docebo from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, August 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $68.33.
Docebo Trading Down 1.4 %
NASDAQ:DCBO traded down $0.42 on Wednesday, reaching $30.05. The stock had a trading volume of 53,678 shares, compared to its average volume of 78,322. The company has a market cap of $987.89 million, a price-to-earnings ratio of -176.75 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The firm's fifty day moving average is $31.03 and its two-hundred day moving average is $38.39. Docebo has a 12-month low of $25.09 and a 12-month high of $92.75.
About Docebo
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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.
Further Reading
- Get a free copy of the StockNews.com research report on Docebo (DCBO)
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