Docebo Inc. (NASDAQ:DCBO) Short Interest Update

Docebo Inc. (NASDAQ:DCBO) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 193,500 shares, a growth of 6.4% from the August 31st total of 181,900 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 71,600 shares, the days-to-cover ratio is currently 2.7 days.

Docebo Stock Performance

NASDAQ:DCBO traded down $0.11 during mid-day trading on Tuesday, hitting $44.09. The stock had a trading volume of 24,453 shares, compared to its average volume of 96,185. Docebo has a 52 week low of $33.81 and a 52 week high of $56.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 200.91 and a beta of 1.55. The company has a 50 day simple moving average of $41.84 and a 200-day simple moving average of $41.66.

Docebo (NASDAQ:DCBO) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The business had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. On average, research analysts expect that Docebo will post 0.79 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DCBO shares. CIBC lifted their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Craig Hallum initiated coverage on Docebo in a research report on Friday, June 7th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $55.58.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DCBO. Aristides Capital LLC purchased a new position in Docebo during the 2nd quarter valued at about $277,000. Point72 Asset Management L.P. acquired a new position in Docebo in the 2nd quarter valued at approximately $189,000. The Manufacturers Life Insurance Company increased its stake in Docebo by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock valued at $7,581,000 after buying an additional 1,058 shares during the period. Millennium Management LLC lifted its position in Docebo by 43.0% in the 2nd quarter. Millennium Management LLC now owns 179,685 shares of the company’s stock worth $6,940,000 after buying an additional 54,057 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Docebo by 196.3% during the 2nd quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock valued at $5,505,000 after buying an additional 94,414 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

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.