Docebo (NASDAQ:DCBO) Shares Gap Up to $37.22

Posted by on Jul 16th, 2023

Docebo Inc. (NASDAQ:DCBO – Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $37.22, but opened at $38.74. Docebo shares last traded at $38.74, with a volume of 788 shares traded.

Analyst Ratings Changes

Separately, The Goldman Sachs Group initiated coverage on Docebo in a research report on Monday, May 22nd. They set a “neutral” rating and a $37.00 price target for the company.

Docebo Stock Performance

The stock has a market capitalization of $1.27 billion, a PE ratio of 85.29 and a beta of 1.67. The stock has a fifty day moving average of $35.77 and a 200-day moving average of $36.47. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO – Get Free Report) last released its earnings results on Thursday, May 11th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $41.46 million during the quarter, compared to analyst estimates of $41.34 million. Docebo had a return on equity of 3.26% and a net margin of 9.99%. Equities analysts anticipate that Docebo Inc. will post 0.28 earnings per share for the current fiscal year.

Institutional Trading of Docebo

Institutional investors have recently bought and sold shares of the business. Long Path Partners LP increased its position in shares of Docebo by 81.5% during the fourth quarter. Long Path Partners LP now owns 631,663 shares of the company’s stock worth $20,933,000 after purchasing an additional 283,690 shares in the last quarter. Bank of America Corp DE increased its position in shares of Docebo by 45.3% during the first quarter. Bank of America Corp DE now owns 247,942 shares of the company’s stock worth $12,848,000 after purchasing an additional 77,318 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Docebo by 18.2% during the first quarter. CIBC Asset Management Inc now owns 244,163 shares of the company’s stock worth $9,930,000 after purchasing an additional 37,619 shares in the last quarter. BlackRock Inc. increased its position in shares of Docebo by 46.9% during the first quarter. BlackRock Inc. now owns 233,933 shares of the company’s stock worth $12,123,000 after purchasing an additional 74,702 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Docebo during the first quarter worth about $9,391,000. 36.83% of the stock is owned by hedge funds and other institutional investors.

About Docebo

(Get Free Report)

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America, Europe, and the Asia-Pacific region. 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; and Docebo Content that provides off-the-shelf learning content by partnering content specialist.

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