Insider Selling: Docebo (TSE:DCBO) Director Sells 568 Shares of Stock

Key Points

• Docebo director Alessio Artuffo sold 568 shares at an average price of C$34.24, generating proceeds of C$19,448.32. He retained 170,238 shares, with the sale reducing his position by 0.33%.
• Docebo shares fell 0.7% to C$33.86, while the company reported C$0.50 in quarterly EPS and C$97.54 million in revenue. The stock has traded between C$19.87 and C$43.97 over the past year.
• Analyst sentiment remains positive: ATB Cormark raised its price target to C$44.00 and reiterated an “outperform” rating, while the consensus rating is “Buy” with a C$36.00 target.

Docebo Inc. (TSE:DCBO - Get Free Report) Director Alessio Artuffo sold 568 shares of Docebo stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$34.24, for a total value of C$19,448.32. Following the completion of the sale, the director directly owned 170,238 shares in the company, valued at C$5,828,949.12. This represents a 0.33% decrease in their position.

Alessio Artuffo also recently made the following trade(s):

• On Tuesday, June 30th, Alessio Artuffo sold 727 shares of Docebo stock. The stock was sold at an average price of C$25.41, for a total value of C$18,473.07.
• On Tuesday, June 30th, Alessio Artuffo sold 505 shares of Docebo stock. The stock was sold at an average price of C$25.41, for a total value of C$12,832.05.
• On Monday, June 22nd, Alessio Artuffo sold 453 shares of Docebo stock. The shares were sold at an average price of C$23.71, for a total value of C$10,740.63.

Docebo Stock Down 0.7%

TSE DCBO traded down C$0.25 during trading on Tuesday, hitting C$33.86. The stock had a trading volume of 10,768 shares, compared to its average volume of 107,545. The company has a market capitalization of C$859.47 million, a PE ratio of 29.44 and a beta of -0.02. The company's 50-day moving average price is C$27.86 and its two-hundred day moving average price is C$25.92. The company has a debt-to-equity ratio of -30,643.19, a quick ratio of 3.25 and a current ratio of 0.76. Docebo Inc. has a 12 month low of C$19.87 and a 12 month high of C$43.97.

Docebo (TSE:DCBO - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported C$0.50 earnings per share for the quarter. Docebo had a net margin of 13.23% and a return on equity of 114.70%. The company had revenue of C$97.54 million during the quarter. As a group, sell-side analysts forecast that Docebo Inc. will post 1.6842684 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, ATB Cormark Capital Markets boosted their price target on shares of 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Docebo presently has an average rating of "Buy" and a consensus price target of C$36.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source