Docebo (NASDAQ:DCBO) Shares Gap Up – Time to Buy?

Docebo Inc. (NASDAQ:DCBO) gapped up prior to trading on Wednesday . The stock had previously closed at $31.24, but opened at $31.95. Docebo shares last traded at $30.71, with a volume of 7,793 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on DCBO shares. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. Morgan Stanley set a $43.00 target price on shares of Docebo in a research report on Friday, February 28th. UBS Group set a $45.00 price target on Docebo in a research report on Tuesday, March 4th. Finally, Scotiabank decreased their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $53.18.

Docebo Price Performance

The company has a market cap of $936.68 million, a P/E ratio of 53.34 and a beta of 1.60. The stock has a 50-day simple moving average of $37.21 and a 200 day simple moving average of $43.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Institutional Investors Weigh In On Docebo

A number of institutional investors have recently bought and sold shares of DCBO. Warburg Pincus LLC boosted its position in shares of Docebo by 5.7% during the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after acquiring an additional 190,434 shares in the last quarter. 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 valued at $33,132,000 after purchasing an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake 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 valued at $27,372,000 after purchasing an additional 412,403 shares during the period. Wellington Management Group LLP raised its holdings in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after buying an additional 547,666 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Docebo by 44.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after buying an additional 134,867 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Company Profile

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.