Docebo Inc. (NASDAQ:DCBO) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. grew its stake in Docebo Inc. (NASDAQ:DCBO) by 198.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,974 shares of the company’s stock after purchasing an additional 15,931 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Docebo were worth $1,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Docebo by 2.3% in the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock valued at $1,791,000 after purchasing an additional 911 shares during the period. Barclays PLC acquired a new position in shares of Docebo in the third quarter valued at approximately $142,000. XTX Topco Ltd increased its holdings in shares of Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after purchasing an additional 4,350 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Docebo by 2.7% in the third quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company’s stock valued at $8,917,000 after purchasing an additional 5,347 shares during the period. Finally, Magnetar Financial LLC increased its holdings in shares of Docebo by 113.8% in the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company’s stock valued at $485,000 after purchasing an additional 5,761 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Scotiabank decreased their price target on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 4th. UBS Group set a $45.00 price target on Docebo in a research note on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on Docebo in a research note on Friday, February 28th. Finally, Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $53.18.

Docebo Stock Down 1.0 %

DCBO opened at $30.03 on Friday. The business’s fifty day moving average is $38.14 and its two-hundred day moving average is $43.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $909.13 million, a price-to-earnings ratio of 51.78 and a beta of 1.60. Docebo Inc. has a one year low of $27.61 and a one year high of $53.86.

Docebo Company 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.