39,659 Shares in Docebo Inc. $DCBO Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. acquired a new stake in shares of Docebo Inc. (NASDAQ:DCBO) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 39,659 shares of the company’s stock, valued at approximately $883,000.

Several other institutional investors have also added to or reduced their stakes in the business. TD Waterhouse Canada Inc. lifted its holdings in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after purchasing an additional 1,805 shares during the last quarter. National Bank of Canada FI lifted its holdings in Docebo by 7.9% during the third quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after purchasing an additional 1,831 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Docebo by 0.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after purchasing an additional 2,112 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Docebo by 46.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after purchasing an additional 2,248 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Docebo by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after purchasing an additional 2,546 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Up 8.0%

DCBO stock opened at $19.75 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $17.76 and its 200 day moving average is $19.39. The stock has a market cap of $501.65 million, a price-to-earnings ratio of 17.03 and a beta of 1.28. Docebo Inc. has a 1-year low of $14.39 and a 1-year high of $33.42.

Analysts Set New Price Targets

DCBO has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $31.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. Canaccord Genuity Group dropped their price objective on shares of Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, March 2nd. National Bank Financial dropped their price objective on shares of Docebo from $24.00 to $21.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $28.00 price objective on shares of Docebo in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Docebo has a consensus rating of “Moderate Buy” and an average price target of $30.67.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.