Short Interest in Docebo Inc. (NASDAQ:DCBO) Rises By 65.3%

Docebo Inc. (NASDAQ:DCBO) saw a large growth in short interest in 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. Based on an average daily trading volume, of 79,200 shares, the short-interest ratio is currently 1.2 days. Approximately 0.7% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $43.00 price target on Docebo in a research note on Friday, February 28th. Scotiabank lowered their price objective on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 4th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, UBS Group set a $45.00 price target on shares of Docebo in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Docebo presently has a consensus rating of “Buy” and a consensus price target of $53.18.

Docebo Trading Down 5.3 %

DCBO stock traded down $1.65 during trading on Friday, hitting $29.29. The company had a trading volume of 55,959 shares, compared to its average volume of 83,186. The stock has a market cap of $886.73 million, a price-to-earnings ratio of 50.50 and a beta of 1.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $36.96 and a 200-day moving average price of $42.95. Docebo has a 12 month low of $27.61 and a 12 month high of $53.86.

Institutional Trading of Docebo

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

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.