This 33-slide update on Docebo (DCBO.TO) comes off the heels of discussions with nearly a dozen sales teams from the largest Learning Management Software (LMS) companies in the World. This includes communication with Adobe (ADBE), SAP, Cornerstone OnDemand (CSOD), Instructure (INST), Docebo and a number of large, private competitors. The work conducted by our team has increased our conviction that Docebo’s shares should be purchased now.
SMB Business Software
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We have launched coverage on Docebo (DCBO-Toronto) with this 27-slide Docebo Powerpoint publication. This report involved detailed face-to-face and online discussions with LMS professionals. We expect to release a longer, more detailed version of this report in the coming weeks prior to making our report public. Docebo will now join our Focused Portfolio as a BUY. Perspectec has a history of moving billion+ dollar market capitalized companies share price once our research becomes public. Our most recent examples in 2019 include the publications of Aurora Cannabis (ACB.TO) and Lightspeed (LSPD.TO).
Avalara (AVLR) – We continue to rate this stock a SELL, but their metrics have the opportunity to undergo a re-rating. In addition, the company now has a long runway to grow gross margins. Avalara is a stock we cover in our General Portfolio of companies. 4% Dilution to raise nearly $240 million – One week prior to its one-year IPO anniversary at $24 IPO, this tax compliance company raised $237 million on June 10th at an issuance price of $69.40, adding to its $147 million in net cash. The secondary resulted in a relatively minor 4% dilution. No change […]
We have updated our coverage list in order to better match our research to interest from investors. We now track the following equities in the technology space: 1-800-Flowers.com FLWS 2U TWOU 3D Systems DDD 8×8 EGHT ACI Worldwide ACIW Activision Blizzard ATVI AcuityAds ACUIF Adobe ADBE Alarm.com ALRM Alphabet GOOGL Altair Engineering ALTR Alteryx AYX Amazon.com AMZN Anaplan PLAN Ansys ANSS AppFolio APPF Apple AAPL Atlassian TEAM Appian APPN AutoDesk ADSK Automatic Data Processing ADP Avalara AVLR Bandwidth BAND Benefitfocus BNFT Black Knight BKI Blackbaud BLKB Blackberry BB Blackline Safety BLKLF Bottomline EPAY Box BOX Cadence Design Systems CDNS Carbon […]
We have launched coverage of 14 additional enterprise software companies. Our models use a combination of SaaS metrics and non-GAAP financials to predict the current stock price. The relationship with our Enterprise focused model and the current stock prices (adjusted r-square) is 0.87 and for companies with an SMB/Entrepreneur focus our model has an adjusted r-square of 0.68. The performance of these stocks will be tracked in the Perspectec General Portfolio. In addition, we are moving Salesforce.com (CRM) from our Focused Portfolio to our General.Portfolio, due to a change in associate coverage. With this launch, we have published our Enterprise […]