CIBC Asset Management Inc Sells 23,766 Shares of Docebo Inc. (NASDAQ:DCBO)

CIBC Asset Management Inc cut its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,778 shares of the company's stock after selling 23,766 shares during the period. CIBC Asset Management Inc owned 1.40% of Docebo worth $18,664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of DCBO. Plato Investment Management Ltd bought a new position in shares of Docebo during the 3rd quarter valued at approximately $35,000. Riverwater Partners LLC bought a new position in Docebo during the third quarter valued at $200,000. Point72 Asset Management L.P. bought a new position in Docebo during the second quarter valued at $189,000. Pathway Financial Advisors LLC purchased a new stake in shares of Docebo in the third quarter valued at $221,000. Finally, XTX Topco Ltd bought a new stake in shares of Docebo in the 2nd quarter worth about $264,000. 53.17% of the stock is owned by institutional investors.

Docebo Stock Down 1.3 %

Shares of Docebo stock traded down $0.63 during trading on Friday, hitting $46.83. 83,260 shares of the stock traded hands, compared to its average volume of 90,363. The company has a current ratio of 1.13, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $45.47 and its 200 day simple moving average is $41.48. The firm has a market cap of $1.42 billion, a P/E ratio of 80.74 and a beta of 1.54. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41.

Wall Street Analysts Forecast Growth

DCBO has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price objective on shares of Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Craig Hallum upped their target price on Docebo from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, November 11th. CIBC raised their price target on Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Atb Cap Markets cut Docebo from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, Scotiabank increased their target price on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Docebo has a consensus rating of "Moderate Buy" and an average price target of $57.36.

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.