Long Path Partners LP Cuts Stock Position in Docebo Inc. $DCBO

Long Path Partners LP trimmed its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 13.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,015,188 shares of the company’s stock after selling 161,562 shares during the period. Docebo comprises 10.0% of Long Path Partners LP’s holdings, making the stock its 5th largest position. Long Path Partners LP owned approximately 3.53% of Docebo worth $27,745,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DCBO. Arrowstreet Capital Limited Partnership increased its position in shares of Docebo by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after acquiring an additional 1,381 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Docebo during the second quarter valued at approximately $44,000. TD Waterhouse Canada Inc. boosted its position 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 grew its stake in Docebo by 7.9% in 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Docebo by 46.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock worth $193,000 after purchasing an additional 2,248 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

DCBO opened at $19.86 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.03. Docebo Inc. has a 12-month low of $16.07 and a 12-month high of $33.70. The business has a 50 day moving average of $19.14 and a 200-day moving average of $23.15. The stock has a market cap of $571.17 million, a price-to-earnings ratio of 15.64 and a beta of 1.44.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DCBO shares. Craig Hallum reiterated a “buy” rating and set a $38.00 price objective on shares of Docebo in a research note on Monday, March 2nd. National Bank Financial lowered their target price on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, January 22nd. Needham & Company LLC dropped their price target on shares of Docebo from $38.00 to $31.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Cantor Fitzgerald cut their price target on shares of Docebo from $35.00 to $28.00 and set an “overweight” rating for the company in a research note on Wednesday, January 21st. Finally, ATB Cormark Capital Markets raised shares of Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

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.