Docebo (TSE:DCBO) Director Sells C$10,740.63 in Stock

Docebo Inc. (TSE:DCBO) Director Alessio Artuffo sold 453 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of C$23.71, for a total value of C$10,740.63. Following the completion of the sale, the director owned 35,785 shares in the company, valued at approximately C$848,462.35. This represents a 1.25% decrease in their position.

Docebo Stock Performance

TSE DCBO opened at C$24.62 on Friday. The business has a 50 day moving average price of C$24.80 and a 200 day moving average price of C$26.01. The company has a market capitalization of C$624.93 million, a P/E ratio of 21.04 and a beta of 0.04. Docebo Inc. has a 1-year low of C$19.87 and a 1-year high of C$45.62. The company has a debt-to-equity ratio of -13,603.61, a current ratio of 0.79 and a quick ratio of 3.25.

Docebo (TSE:DCBO) last posted its earnings results on Friday, May 8th. The company reported C$0.47 EPS for the quarter. Docebo had a return on equity of 90.80% and a net margin of 13.90%.The company had revenue of C$91.23 million for the quarter. Sell-side analysts expect that Docebo Inc. will post 1.6842684 EPS for the current fiscal year.

Analyst Ratings Changes

DCBO has been the topic of a number of research reports. TD Securities lowered their price objective on shares of Docebo from C$37.00 to C$28.00 and set a “buy” rating on the stock in a research note on Monday, March 2nd. ATB Cormark Capital Markets upped their price target on shares of Docebo from C$35.00 to C$36.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$32.00.

About Docebo

Docebo Inc offers cloud-based learning platform for both internal and external enterprise learning with real time tracking of training results, optimizing time, and reducing costs associated with traditional learning methods. Geographically, it holds presence in five offices around the world, including locations in Europe, Asia and North America. The firm derives its revenues from two main sources: software as-a-service application (SaaS); and professional services revenue, which includes services such as initial project management, training, and integration.