Docebo (TSE:DCBO) Shares Down 1.6% – What’s Next?

Docebo Inc. (TSE:DCBO) fell 1.6% on Friday . The stock traded as low as C$60.79 and last traded at C$60.84. 30,327 shares traded hands during trading, a decline of 22% from the average session volume of 38,677 shares. The stock had previously closed at C$61.80.

Wall Street Analyst Weigh In

Separately, Colliers Securities raised their target price on Docebo from C$69.00 to C$82.00 in a research report on Monday, November 11th.

Docebo Price Performance

The stock has a market cap of C$1.84 billion, a PE ratio of 83.34 and a beta of 1.36. The company has a debt-to-equity ratio of 5.29, a current ratio of 1.11 and a quick ratio of 3.25. The firm’s 50 day moving average price is C$66.76 and its two-hundred day moving average price is C$61.13.

Insider Buying and Selling at Docebo

In other news, insider Warburg Pincus LLC sold 133,287 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of C$50.62, for a total value of C$6,746,614.74. Insiders own 43.24% of the company’s stock.

About Docebo

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.