Docebo (TSE:DCBO) Sets New 1-Year High – Here’s Why

Shares of Docebo Inc. (TSE:DCBO) hit a new 52-week high on Thursday. The stock traded as high as C$43.55 and last traded at C$42.99, with a volume of 65,628 shares. The stock had previously closed at C$42.49.

Analyst Upgrades and Downgrades

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

Docebo Price Performance

The firm has a market capitalization of C$1.07 billion, a price-to-earnings ratio of 37.43 and a beta of 0.25. The company has a debt-to-equity ratio of -30,643.19, a current ratio of 0.76 and a quick ratio of 3.25. The stock’s 50 day moving average price is C$34.94 and its two-hundred day moving average price is C$28.99.

Docebo (TSE:DCBO) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. The company had revenue of C$97.54 million for the quarter. Docebo had a return on equity of 114.70% and a net margin of 13.23%. On average, equities research analysts anticipate that Docebo Inc. will post 1.68 EPS for the current year.

Insiders Place Their Bets

In other Docebo news, insider Mark Kosoglow sold 1,287 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$32.89, for a total transaction of C$42,329.43. Following the completion of the transaction, the insider directly owned 1,478 shares in the company, valued at C$48,611.42. This represents a 46.55% decrease in their ownership of the stock. Insiders sold 2,288 shares of company stock valued at $76,251 in the last quarter. Corporate 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.