Louisbourg Investments Inc. Sells 3,435 Shares of Docebo Inc. (NASDAQ:DCBO)

Louisbourg Investments Inc. trimmed its position in Docebo Inc. (NASDAQ:DCBO) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,465 shares of the company’s stock after selling 3,435 shares during the period. Louisbourg Investments Inc. owned approximately 0.12% of Docebo worth $1,634,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its position in shares of Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after purchasing an additional 547,666 shares during the period. Luxor Capital Group LP bought a new position in Docebo in the third quarter valued at approximately $9,071,000. Warburg Pincus LLC boosted its holdings in shares of Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after buying an additional 190,434 shares during the period. Rice Hall James & Associates LLC acquired a new position in shares of Docebo in the third quarter valued at approximately $3,907,000. Finally, Intact Investment Management Inc. bought a new stake in shares of Docebo during the third quarter worth $3,319,000. Institutional investors own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

DCBO has been the subject of a number of research reports. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Needham & Company LLC raised their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum lifted their price objective on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Scotiabank increased their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $57.36.

Docebo Stock Performance

Shares of DCBO opened at $42.43 on Wednesday. The company has a market cap of $1.28 billion, a PE ratio of 73.16 and a beta of 1.55. The firm has a 50-day moving average of $44.82 and a 200-day moving average of $44.65. Docebo Inc. has a one year low of $33.81 and a one year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

About Docebo

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.