Docebo (NASDAQ:DCBO) Shares Gap Up – Here’s What Happened

Docebo Inc. (NASDAQ:DCBO)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $18.54, but opened at $19.40. Docebo shares last traded at $20.28, with a volume of 58,514 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on DCBO. National Bank Financial dropped their price objective on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Zacks Research lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded shares of Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, July 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price target on shares of Docebo in a research note on Friday. Finally, Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.67.

Docebo Trading Up 9.9%

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.03. The company has a market cap of $512.35 million, a price-to-earnings ratio of 17.57 and a beta of 1.27. The firm has a 50 day moving average price of $17.84 and a two-hundred day moving average price of $18.52.

Institutional Trading of Docebo

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Docebo by 45.1% in the 3rd quarter. Wellington Management Group LLP now owns 432,426 shares of the company’s stock worth $11,818,000 after purchasing an additional 134,437 shares during the period. Royal Bank of Canada increased its position in shares of Docebo by 467.1% during the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after buying an additional 130,419 shares during the period. Millennium Management LLC increased its position in shares of Docebo by 137.2% during the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock worth $4,741,000 after buying an additional 123,473 shares during the period. Two Sigma Investments LP raised its stake in Docebo by 211.3% during the third quarter. Two Sigma Investments LP now owns 160,772 shares of the company’s stock worth $4,394,000 after buying an additional 109,128 shares during the last quarter. Finally, NewGen Asset Management Ltd bought a new position in Docebo during the first quarter worth $1,558,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.