AEGON ASSET MANAGEMENT UK Plc Trims Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

AEGON ASSET MANAGEMENT UK Plc lowered its position in Docebo Inc. (NASDAQ:DCBO - Free Report) by 19.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 199,232 shares of the company's stock after selling 48,531 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.66% of Docebo worth $8,714,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverwater Partners LLC purchased a new position in Docebo in the 3rd quarter valued at $200,000. Point72 Asset Management L.P. purchased a new position in shares of Docebo during the 2nd quarter worth $189,000. Pathway Financial Advisors LLC purchased a new position in shares of Docebo during the 3rd quarter worth $221,000. XTX Topco Ltd purchased a new position in shares of Docebo during the 2nd quarter worth $264,000. Finally, Aristides Capital LLC purchased a new position in shares of Docebo during the 2nd quarter worth $277,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. CIBC lifted their price target on Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. Finally, Needham & Company LLC lifted their price target on Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.83.

Docebo Stock Up 0.5 %

DCBO stock traded up $0.27 during trading on Friday, hitting $51.45. 83,814 shares of the company's stock were exchanged, compared to its average volume of 39,413. The business has a 50-day moving average price of $44.81 and a two-hundred day moving average price of $41.32. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 95.28 and a beta of 1.54. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO - Get Free Report) last posted its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $53.05 million for the quarter, compared to analysts' expectations of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. As a group, equities research analysts expect that Docebo Inc. will post 0.79 EPS for the current year.

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.