Docebo Inc. (NASDAQ:DCBO – Get Rating) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 133,200 shares, a decline of 28.2% from the August 15th total of 185,400 shares. Based on an average daily volume of 64,900 shares, the days-to-cover ratio is presently 2.1 days. Currently, 0.8% of the shares of the company are short sold.
Institutional Investors Weigh In On Docebo
A number of institutional investors and hedge funds have recently modified their holdings of the company. Shell Asset Management Co. grew its holdings in shares of Docebo by 21.0% in the 2nd quarter. Shell Asset Management Co. now owns 1,987 shares of the company's stock worth $57,000 after acquiring an additional 345 shares during the period. Sei Investments Co. grew its holdings in Docebo by 9.1% during the 1st quarter. Sei Investments Co. now owns 7,350 shares of the company's stock valued at $419,000 after buying an additional 612 shares during the last quarter. Advisor Group Holdings Inc. grew its holdings in Docebo by 75.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,805 shares of the company's stock valued at $709,000 after buying an additional 774 shares during the last quarter. Baldwin Brothers LLC MA acquired a new stake in Docebo during the 1st quarter valued at $41,000. Finally, Lazard Asset Management LLC grew its holdings in Docebo by 70.9% during the 2nd quarter. Lazard Asset Management LLC now owns 2,006 shares of the company's stock valued at $57,000 after buying an additional 832 shares during the last quarter. Institutional investors and hedge funds own 38.45% of the company's stock.
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Docebo Price Performance
Shares of DCBO traded down $1.64 on Friday, reaching $28.70. The stock had a trading volume of 80,611 shares, compared to its average volume of 71,522. The firm has a market capitalization of $944.23 million, a PE ratio of -168.81 and a beta of 1.82. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average of $31.17 and a 200 day moving average of $36.50. Docebo has a twelve month low of $25.09 and a twelve month high of $89.50.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. TD Securities cut their target price on Docebo from $56.00 to $52.00 and set a "buy" rating for the company in a research note on Friday, August 12th. CIBC cut their target price on Docebo from C$63.50 to C$54.00 in a research note on Tuesday, June 14th. Finally, Morgan Stanley increased their target price on Docebo from $41.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, August 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Docebo currently has an average rating of "Moderate Buy" and an average target price of $68.33.
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.
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