Docebo (NASDAQ:DCBO) Trading Down 5.4% – Should You Sell?

Docebo Inc. (NASDAQ:DCBO)’s share price traded down 5.4% during trading on Wednesday . The stock traded as low as $21.90 and last traded at $21.8060. 26,887 shares traded hands during trading, a decline of 84% from the average session volume of 163,122 shares. The stock had previously closed at $23.06.

Analyst Upgrades and Downgrades

DCBO has been the topic of several recent research reports. Weiss Ratings upgraded Docebo from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Zacks Research downgraded Docebo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 21st. National Bank Financial boosted their target price on Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $28.00 price target on shares of Docebo in a report on Wednesday, April 22nd. Finally, Wall Street Zen raised shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $31.23.

Docebo Stock Up 5.9%

The business has a 50 day moving average of $19.10 and a 200 day moving average of $18.50. The firm has a market capitalization of $582.92 million, a price-to-earnings ratio of 20.54 and a beta of 1.24. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.85 and a quick ratio of 0.85.

Institutional Investors Weigh In On Docebo

A number of hedge funds and other institutional investors have recently bought and sold shares of DCBO. Wellington Management Group LLP grew its holdings in shares of Docebo by 45.1% during the third quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after purchasing an additional 134,437 shares during the last quarter. Royal Bank of Canada grew its holdings in Docebo by 467.1% during the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after acquiring an additional 130,419 shares during the last quarter. Millennium Management LLC increased its position in Docebo by 137.2% in the 4th quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock valued at $4,741,000 after acquiring an additional 123,473 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Docebo by 211.3% in the third quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock worth $4,394,000 after acquiring an additional 109,128 shares during the last quarter. Finally, NewGen Asset Management Ltd acquired a new position in shares of Docebo during the first quarter worth approximately $1,558,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.