Docebo (TSE:DCBO) Stock Price Up 1.1% – Still a Buy?

Shares of Docebo Inc. (TSE:DCBO) rose 1.1% on Tuesday. The company traded as high as C$34.51 and last traded at C$34.28. 56,039 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 98,711 shares. The stock had previously closed at C$33.91.

Analysts Set New Price Targets

Separately, ATB Cormark Capital Markets boosted their price target on Docebo from C$35.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$36.00.

Docebo Trading Up 1.1%

The stock has a market cap of C$855.22 million, a price-to-earnings ratio of 29.81 and a beta of 0.25. The company has a quick ratio of 3.25, a current ratio of 0.76 and a debt-to-equity ratio of -30,643.19. The business’s 50 day simple moving average is C$32.67 and its 200 day simple moving average is C$27.71.

Docebo (TSE:DCBO) last issued its earnings results on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. Docebo had a net margin of 13.23% and a return on equity of 114.70%. The company had revenue of C$97.54 million for the quarter. On average, research analysts expect that Docebo Inc. will post 1.6842684 EPS for the current fiscal year.

Insider Transactions at Docebo

In other news, insider Mark Kosoglow sold 1,287 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of C$32.89, for a total value of C$42,329.43. Following the completion of the sale, the insider directly owned 1,478 shares of the company’s stock, valued at C$48,611.42. This trade represents a 46.55% decrease in their ownership of the stock. Insiders sold a total of 2,288 shares of company stock valued at $76,251 in the last 90 days. 43.24% of the stock is owned by corporate insiders.

About Docebo

Docebo (NASDAQ: DCBO; TSX: DCBO) is the enterprise platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop. Docebo gives organizations the tools to close skills gaps, develop talent, and perform at their best in an AI-driven world.