National Bank of Canada FI Sells 4,713 Shares of Docebo Inc. (NASDAQ:DCBO)

National Bank of Canada FI decreased its position in Docebo Inc. (NASDAQ:DCBO) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,778 shares of the company’s stock after selling 4,713 shares during the period. National Bank of Canada FI owned about 0.21% of Docebo worth $2,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd bought a new stake in shares of Docebo in the third quarter valued at $35,000. The Manufacturers Life Insurance Company increased its holdings in Docebo by 0.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock worth $7,581,000 after acquiring an additional 1,058 shares during the last quarter. 1832 Asset Management L.P. raised its stake in Docebo by 60.0% in the 2nd quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock valued at $309,000 after acquiring an additional 3,000 shares during the period. TD Asset Management Inc lifted its holdings in Docebo by 4.4% during the second quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock valued at $4,230,000 after purchasing an additional 4,580 shares during the last quarter. Finally, Riverwater Partners LLC bought a new position in Docebo during the third quarter worth about $200,000. 53.17% of the stock is owned by institutional investors.

Docebo Trading Up 0.6 %

Shares of Docebo stock opened at $50.25 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The firm has a market cap of $1.52 billion, a PE ratio of 86.64 and a beta of 1.55. The company has a 50 day simple moving average of $47.71 and a two-hundred day simple moving average of $42.72.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on DCBO shares. Scotiabank boosted their price target on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. CIBC boosted their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Needham & Company LLC boosted their price objective on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Craig Hallum increased 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Docebo presently has a consensus rating of “Moderate Buy” and an average price target of $57.36.

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.