Docebo (NASDAQ:DCBO) Shares Gap Up – What’s Next?

Shares of Docebo Inc. (NASDAQ:DCBO) gapped up prior to trading on Wednesday . The stock had previously closed at $31.24, but opened at $31.95. Docebo shares last traded at $30.71, with a volume of 7,793 shares changing hands.

Analysts Set New Price Targets

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

Docebo Price Performance

The stock has a market capitalization of $930.62 million, a P/E ratio of 53.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a 50-day simple moving average of $37.70 and a 200 day simple moving average of $43.21.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake in 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 lifted 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 buying an additional 400 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after buying an additional 949 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Docebo by 10.5% during the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock worth $720,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in shares of Docebo by 33.3% during the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company’s stock worth $372,000 after acquiring an additional 2,080 shares during the period. 53.17% of the stock is currently 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.