Shares of Docebo Inc. (TSE:DCBO – Get Free Report) shot up 1.1% during trading on Tuesday. The company traded as high as C$34.51 and last traded at C$34.28. 56,039 shares traded hands during trading, a decline of 43% from the average daily volume of 98,711 shares. The stock had previously closed at C$33.91.
Analysts Set New Price Targets
Separately, ATB Cormark Capital Markets increased their price objective on shares of Docebo from C$35.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$36.00.
View Our Latest Stock Analysis on Docebo
Docebo Price Performance
Docebo (TSE:DCBO – Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported C$0.50 earnings per share (EPS) for the quarter. Docebo had a return on equity of 114.70% and a net margin of 13.23%.The company had revenue of C$97.54 million during the quarter. Research analysts forecast that Docebo Inc. will post 1.6842684 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, insider Mark Kosoglow sold 1,287 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of C$32.89, for a total value of C$42,329.43. Following the completion of the sale, the insider directly owned 1,478 shares in the company, valued at C$48,611.42. The trade was a 46.55% decrease in their position. Over the last ninety days, insiders sold 2,288 shares of company stock worth $76,251. Company insiders own 43.24% of the company’s stock.
About Docebo
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.
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