Docebo (TSE:DCBO) Releases Quarterly Earnings Results

Docebo (TSE:DCBO) released its quarterly earnings results on Friday. The company reported C$0.78 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$100.13 million for the quarter. Docebo had a return on equity of 114.70% and a net margin of 13.23%.

Docebo Stock Down 3.7%

DCBO traded down C$1.59 during trading on Friday, reaching C$41.13. 208,967 shares of the stock were exchanged, compared to its average volume of 94,678. The stock has a market cap of C$1.03 billion, a P/E ratio of 35.77 and a beta of 0.37. Docebo has a twelve month low of C$19.87 and a twelve month high of C$44.92. The stock’s 50 day moving average price is C$36.66 and its two-hundred day moving average price is C$28.76. The company has a debt-to-equity ratio of -30,643.19, a quick ratio of 3.25 and a current ratio of 0.76.

Wall Street Analysts Forecast Growth

Separately, ATB Cormark Capital Markets increased their price objective on Docebo from C$35.00 to C$44.00 and gave the stock an “outperform” rating in a report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$36.00.

Insider Buying and Selling

In other news, insider Mark Kosoglow sold 1,287 shares of Docebo stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of C$32.89, for a total value of C$42,329.43. Following the completion of the transaction, the insider owned 1,478 shares of the company’s stock, valued at C$48,611.42. This trade represents a 46.55% decrease in their position. Insiders have sold a total of 2,288 shares of company stock valued at $76,251 in the last ninety days. Company insiders own 43.24% of the company’s stock.

Docebo Company Profile

Docebo (NASDAQ: DCBO; TSX: DCBO) is the enterprise platform for the AI-era workforce, unifying skills intelligence, learning, and knowledge in one closed loop. Docebo gives organizations the tools to close skills gaps, develop talent, and perform at their best in an AI-driven world.