Claret Asset Management Corp Makes New Investment in Docebo Inc. $DCBO

Claret Asset Management Corp bought a new stake in Docebo Inc. (NASDAQ:DCBO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 35,062 shares of the company’s stock, valued at approximately $957,000. Claret Asset Management Corp owned 0.12% of Docebo as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Employees Retirement System of Texas bought a new stake in Docebo in the 2nd quarter valued at about $44,000. TD Waterhouse Canada Inc. increased its holdings in shares of Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after purchasing an additional 1,805 shares during the period. JPMorgan Chase & Co. raised its position in shares of Docebo by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock valued at $327,000 after buying an additional 2,546 shares in the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Docebo in the third quarter valued at approximately $355,000. Finally, Russell Investments Group Ltd. grew its position in Docebo by 93.6% during the third quarter. Russell Investments Group Ltd. now owns 14,610 shares of the company’s stock worth $399,000 after buying an additional 7,064 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DCBO shares. Oppenheimer reissued an “outperform” rating and set a $25.00 target price on shares of Docebo in a report on Thursday, January 29th. ATB Cormark Capital Markets raised shares of Docebo to an “outperform” rating in a report on Wednesday, December 10th. Craig Hallum reaffirmed a “buy” rating and set a $38.00 price target on shares of Docebo in a report on Monday, March 2nd. Morgan Stanley decreased their price objective on shares of Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, March 2nd. Finally, Needham & Company LLC cut their target price on Docebo from $38.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, Docebo has a consensus rating of “Moderate Buy” and an average price target of $30.92.

Docebo Stock Down 2.5%

NASDAQ:DCBO opened at $18.95 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.22 and a quick ratio of 1.22. Docebo Inc. has a one year low of $16.07 and a one year high of $33.70. The firm’s 50 day simple moving average is $19.38 and its 200 day simple moving average is $23.54. The company has a market cap of $545.00 million, a PE ratio of 14.92 and a beta of 1.44.

About Docebo

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.