Docebo Inc. (NASDAQ:DCBO – Get Rating) saw strong trading volume on Tuesday . 5,008 shares were traded during trading, a decline of 93% from the previous session's volume of 68,328 shares.The stock last traded at $30.96 and had previously closed at $31.90.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted 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. CIBC decreased their price objective on shares of Docebo from C$63.50 to C$54.00 in a report on Tuesday, June 14th. Finally, TD Securities decreased their price objective on shares of Docebo from $56.00 to $52.00 and set a "buy" rating for the company in a report on Friday, August 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Docebo currently has a consensus rating of "Moderate Buy" and an average price target of $68.33.
Get Docebo alerts:Docebo Stock Performance
The company has a market capitalization of $1.01 billion, a PE ratio of -181.34 and a beta of 1.82. The business's fifty day moving average is $31.21 and its two-hundred day moving average is $36.91. The company has a current ratio of 3.30, a quick ratio of 3.30 and a debt-to-equity ratio of 0.01.
Hedge Funds Weigh In On Docebo
A number of hedge funds have recently added to or reduced their stakes in the company. Swiss National Bank grew its position in Docebo by 8.3% in the 1st quarter. Swiss National Bank now owns 35,100 shares of the company's stock worth $1,812,000 after purchasing an additional 2,700 shares during the period. 3G Capital Partners LP grew its position in Docebo by 7.5% in the 4th quarter. 3G Capital Partners LP now owns 430,000 shares of the company's stock worth $28,879,000 after purchasing an additional 30,000 shares during the period. G2 Investment Partners Management LLC bought a new stake in Docebo in the 1st quarter worth approximately $2,798,000. Kaizen Financial Strategies grew its position in Docebo by 23.7% in the 1st quarter. Kaizen Financial Strategies now owns 4,700 shares of the company's stock worth $244,000 after purchasing an additional 900 shares during the period. Finally, Cat Rock Capital Management LP grew its position in Docebo by 2.8% in the 4th quarter. Cat Rock Capital Management LP now owns 3,283,419 shares of the company's stock worth $220,453,000 after purchasing an additional 90,900 shares during the period. 38.45% of the stock is currently owned by hedge funds and other institutional investors.Docebo Company Profile
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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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