Alessio Artuffo Sells 453 Shares of Docebo (TSE:DCBO) Stock

Docebo Inc. (TSE:DCBO) Director Alessio Artuffo sold 453 shares of the business’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of C$23.71, for a total value of C$10,740.63. Following the completion of the sale, the director directly owned 35,785 shares of the company’s stock, valued at approximately C$848,462.35. This represents a 1.25% decrease in their ownership of the stock.

Docebo Stock Performance

TSE:DCBO traded down C$0.41 during trading hours on Thursday, reaching C$23.98. 29,521 shares of the stock were exchanged, compared to its average volume of 122,479. The company has a quick ratio of 3.25, a current ratio of 0.79 and a debt-to-equity ratio of -13,603.61. The firm has a 50 day simple moving average of C$24.71 and a 200-day simple moving average of C$26.07. Docebo Inc. has a 52 week low of C$19.87 and a 52 week high of C$45.62. The stock has a market capitalization of C$608.68 million, a P/E ratio of 20.50 and a beta of 0.04.

Docebo (TSE:DCBO) last issued its quarterly earnings results on Friday, May 8th. The company reported C$0.47 earnings per share for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The business had revenue of C$91.23 million during the quarter. As a group, sell-side analysts forecast that Docebo Inc. will post 1.6842684 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DCBO. ATB Cormark Capital Markets increased their target price on shares of Docebo from C$35.00 to C$36.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. TD Securities lowered their price objective on shares of Docebo from C$37.00 to C$28.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of C$32.00.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.