Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 94,400 shares, an increase of 65.3% from the February 28th total of 57,100 shares. Based on an average daily trading volume, of 79,200 shares, the short-interest ratio is currently 1.2 days. Approximately 0.7% of the shares of the company are sold short.

Docebo Price Performance

Shares of Docebo stock traded down $1.65 during trading on Friday, hitting $29.29. 55,959 shares of the company were exchanged, compared to its average volume of 83,186. The firm has a 50 day moving average price of $36.96 and a 200 day moving average price of $42.96. The stock has a market capitalization of $886.73 million, a price-to-earnings ratio of 50.50 and a beta of 1.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo has a fifty-two week low of $27.61 and a fifty-two week high of $53.86.

Hedge Funds Weigh In On Docebo

A number of institutional investors have recently made changes to their positions in the stock. Warburg Pincus LLC increased its position in Docebo by 5.7% during the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares in the last quarter. Long Path Partners LP grew its holdings in shares of Docebo by 1.2% during the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock worth $33,132,000 after buying an additional 8,756 shares in the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Docebo by 207.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after buying an additional 412,403 shares during the last quarter. Wellington Management Group LLP boosted its position in Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock worth $19,504,000 after acquiring an additional 134,867 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.