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

Docebo Inc. (NASDAQ:DCBO) shares gapped up prior to trading on Friday . The stock had previously closed at $29.08, but opened at $32.50. Docebo shares last traded at $32.31, with a volume of 47,683 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DCBO shares. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 11th. National Bankshares cut their target price on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Morgan Stanley cut shares of Docebo from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Scotiabank cut their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Finally, Wall Street Zen cut shares of Docebo from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Docebo Stock Performance

The stock has a market capitalization of $880.13 million, a P/E ratio of 44.29 and a beta of 1.48. The stock’s fifty day simple moving average is $28.78 and its two-hundred day simple moving average is $31.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DCBO. Tower Research Capital LLC TRC lifted its position in shares of Docebo by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares during the period. Deutsche Bank AG acquired a new position in shares of Docebo in the 4th quarter worth approximately $242,000. Aigen Investment Management LP acquired a new position in shares of Docebo in the 1st quarter worth approximately $263,000. State of Wyoming acquired a new position in shares of Docebo in the 4th quarter worth approximately $275,000. Finally, 1832 Asset Management L.P. lifted its position in shares of Docebo by 112.6% in the 1st quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock worth $305,000 after purchasing an additional 5,631 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

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.