Docebo (TSE:DCBO) Trading Up 2.6% - Here's What Happened

Docebo Inc. (TSE:DCBO - Get Free Report)'s share price shot up 2.6% during mid-day trading on Wednesday . The company traded as high as C$40.53 and last traded at C$40.50. 25,182 shares changed hands during trading, a decline of 61% from the average session volume of 65,246 shares. The stock had previously closed at C$39.47.

Analyst Ratings Changes

A number of equities analysts recently issued reports on DCBO shares. Cormark cut their target price on Docebo from C$60.00 to C$55.00 in a report on Monday, May 12th. ATB Capital cut Docebo from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$75.00 to C$45.00 in a research note on Monday, May 12th.

Docebo Trading Up 0.5%

The firm has a fifty day moving average of C$37.85 and a two-hundred day moving average of C$46.02. The company has a market cap of C$884.66 million, a PE ratio of 49.21 and a beta of 1.36. The company has a current ratio of 1.13, a quick ratio of 3.25 and a debt-to-equity ratio of 4.50.

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.