PCJ Investment Counsel Ltd. Raises Stake in Docebo Inc. (NASDAQ:DCBO)

PCJ Investment Counsel Ltd. boosted its holdings in Docebo Inc. (NASDAQ:DCBO) by 11.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,636 shares of the company’s stock after acquiring an additional 6,750 shares during the period. PCJ Investment Counsel Ltd. owned 0.21% of Docebo worth $2,850,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DCBO. Wellington Management Group LLP lifted its stake in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares during the period. Luxor Capital Group LP purchased a new position in Docebo during the third quarter worth $9,071,000. Warburg Pincus LLC raised its stake in Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after purchasing an additional 190,434 shares during the last quarter. Cumberland Partners Ltd acquired a new stake in Docebo during the fourth quarter worth approximately $2,138,000. Finally, Long Path Partners LP grew its position in shares of Docebo by 6.6% in the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after purchasing an additional 45,022 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DCBO has been the topic of a number of research reports. Craig Hallum raised their price objective on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC upped their target price on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Scotiabank lowered their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday. Finally, Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $55.60.

Docebo Stock Performance

DCBO stock opened at $31.04 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $41.29 and its two-hundred day moving average price is $44.39. Docebo Inc. has a 1-year low of $27.61 and a 1-year high of $53.86. The firm has a market cap of $939.89 million, a PE ratio of 53.52 and a beta of 1.60.

Docebo Profile

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.