Docebo (TSE:DCBO) Sets New 12-Month High – Time to Buy?

Docebo Inc. (TSE:DCBO) shares hit a new 52-week high on Friday. The stock traded as high as C$40.67 and last traded at C$40.67, with a volume of 8,111 shares traded. The stock had previously closed at C$38.50.

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 research report on Monday, August 10th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, Docebo currently has a consensus rating of “Buy” and an average target price of C$36.00.

Docebo Trading Down 0.2%

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 business’s 50 day simple moving average is C$33.76 and its 200 day simple moving average is C$28.27. The company has a market capitalization of C$994.43 million, a price-to-earnings ratio of 34.66 and a beta of 0.25.

Docebo (TSE:DCBO) last released its 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%. Research analysts anticipate that Docebo Inc. will post 1.68 EPS for the current year.

Insider Activity at Docebo

In other news, insider Mark Kosoglow sold 1,287 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 1,478 shares of the company’s stock, valued at approximately C$48,611.42. This trade represents a 46.55% decrease in their position. In the last quarter, insiders sold 2,288 shares of company stock valued at $76,251. Company insiders own 43.24% of the company’s stock.

About Docebo

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.