Docebo Inc. (NASDAQ:DCBO) Stake Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 39.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 329,152 shares of the company's stock after purchasing an additional 92,327 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 1.09% of Docebo worth $14,741,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DCBO. Plato Investment Management Ltd purchased a new position in shares of Docebo during the 3rd quarter valued at approximately $35,000. Long Path Partners LP raised its holdings in Docebo by 6.6% in the third quarter. Long Path Partners LP now owns 731,299 shares of the company's stock valued at $32,323,000 after acquiring an additional 45,022 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Docebo by 2.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company's stock valued at $8,917,000 after acquiring an additional 5,347 shares during the last quarter. Erste Asset Management GmbH acquired a new position in Docebo during the 3rd quarter worth $1,346,000. Finally, Wellington Management Group LLP increased 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 worth $26,518,000 after purchasing an additional 547,666 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several brokerages have recently commented on DCBO. Morgan Stanley set a $43.00 price target on shares of Docebo in a research report on Friday, February 28th. Scotiabank reduced their target price on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, UBS Group set a $45.00 price target on Docebo in a research report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Docebo currently has a consensus rating of "Buy" and an average price target of $53.18.

Docebo Stock Performance

NASDAQ DCBO traded up $0.12 during trading hours on Monday, hitting $29.57. The company had a trading volume of 48,765 shares, compared to its average volume of 83,199. Docebo Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $53.86. The firm has a market cap of $895.20 million, a P/E ratio of 50.98 and a beta of 1.60. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $39.47 and a 200-day simple moving average of $43.81.

Docebo Company 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.