Docebo (TSE:DCBO) Reaches New 1-Year High – Here’s What Happened

Docebo Inc. (TSE:DCBO) hit a new 52-week high on Thursday. The company traded as high as C$43.55 and last traded at C$42.99, with a volume of 65,628 shares changing hands. The stock had previously closed at C$42.49.

Wall Street Analyst Weigh In

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

Docebo Stock Performance

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 stock has a market cap of C$1.07 billion, a price-to-earnings ratio of 37.38 and a beta of 0.25. The company’s 50-day simple moving average is C$34.51 and its 200-day simple moving average is C$28.76.

Docebo (TSE:DCBO) last posted its quarterly earnings results on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. The company had revenue of C$97.54 million for the quarter. Docebo had a return on equity of 114.70% and a net margin of 13.23%. Analysts predict that Docebo Inc. will post 1.68 EPS for the current fiscal year.

Insider Buying and Selling at Docebo

In other news, insider Mark Kosoglow sold 1,287 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$32.89, for a total transaction 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 position. Over the last three months, insiders sold 2,288 shares of company stock worth $76,251. Company insiders own 43.24% of the company’s stock.

Docebo Company Profile

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.