Docebo (TSE:DCBO) Hits New 12-Month High – Should You Buy?

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

Analyst Upgrades and Downgrades

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

Docebo Stock Performance

The stock has a 50 day simple moving average of C$33.76 and a 200 day simple moving average of C$28.27. The company has a current ratio of 0.76, a quick ratio of 3.25 and a debt-to-equity ratio of -30,643.19. The stock has a market cap of C$994.43 million, a P/E ratio of 34.66 and a beta of 0.25.

Docebo (TSE:DCBO) last announced its earnings results on Friday, August 7th. The company reported C$0.50 EPS for the quarter. The firm 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 analysts expect that Docebo Inc. will post 1.68 earnings per share for the current year.

Insider Buying and Selling at Docebo

In other news, insider Mark Kosoglow sold 1,287 shares of the company’s 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 transaction, the insider owned 1,478 shares of the company’s stock, valued at C$48,611.42. This represents a 46.55% decrease in their position. Over the last ninety days, insiders have sold 2,288 shares of company stock worth $76,251. 43.24% of the stock is owned by corporate insiders.

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.