Docebo (TSE:DCBO) Trading Down 1.6% – Should You Sell?

Shares of Docebo Inc. (TSE:DCBO) traded down 1.6% on Friday . The stock traded as low as C$60.79 and last traded at C$60.84. 30,327 shares changed hands during trading, a decline of 22% from the average session volume of 38,677 shares. The stock had previously closed at C$61.80.

Wall Street Analysts Forecast Growth

Separately, Colliers Securities upped their price objective on Docebo from C$69.00 to C$82.00 in a research note on Monday, November 11th.

Docebo Stock Performance

The company has a debt-to-equity ratio of 5.29, a current ratio of 1.11 and a quick ratio of 3.25. The stock has a fifty day moving average price of C$66.98 and a two-hundred day moving average price of C$61.07. The company has a market cap of C$1.84 billion, a P/E ratio of 83.34 and a beta of 1.36.

Insider Activity at Docebo

In other news, insider Warburg Pincus LLC sold 133,287 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of C$50.62, for a total transaction of C$6,746,614.74. 43.24% of the stock is currently owned by insiders.

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.