Docebo Inc. (NASDAQ:DCBO) Short Interest Up 8.9% in November

Docebo Inc. (NASDAQ:DCBO) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 99,400 shares, a growth of 8.9% from the October 31st total of 91,300 shares. Based on an average daily volume of 59,900 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new position in shares of Docebo in the third quarter valued at about $35,000. Barclays PLC purchased a new stake in shares of Docebo in the third quarter valued at approximately $142,000. Riverwater Partners LLC purchased a new stake in shares of Docebo in the third quarter valued at approximately $200,000. Point72 Asset Management L.P. purchased a new stake in Docebo during the second quarter worth $189,000. Finally, Pathway Financial Advisors LLC acquired a new position in shares of Docebo during the third quarter worth $221,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Trading Up 1.4 %

NASDAQ DCBO traded up $0.68 on Wednesday, hitting $50.21. The company’s stock had a trading volume of 59,323 shares, compared to its average volume of 89,392. Docebo has a 52-week low of $33.81 and a 52-week high of $56.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company’s 50-day simple moving average is $46.68 and its 200 day simple moving average is $41.97. The firm has a market cap of $1.52 billion, a P/E ratio of 85.40 and a beta of 1.55.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Craig Hallum boosted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Scotiabank upped their price objective on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC upped their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, CIBC upped their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

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.