Connor Clark & Lunn Investment Management Ltd. Purchases 15,800 Shares of Docebo Inc. (NASDAQ:DCBO)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 236,825 shares of the company's stock after acquiring an additional 15,800 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.78% of Docebo worth $10,449,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Grandeur Peak Global Advisors LLC boosted its holdings in shares of Docebo by 3.7% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company's stock worth $833,000 after acquiring an additional 600 shares in the last quarter. Stanley Laman Group Ltd. acquired a new stake in shares of Docebo in the second quarter valued at $843,000. Baillie Gifford & Co. raised its holdings in shares of Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company's stock valued at $10,202,000 after buying an additional 41,965 shares during the last quarter. CIBC Asset Management Inc lifted its position in Docebo by 36.9% during the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company's stock worth $17,233,000 after buying an additional 120,396 shares in the last quarter. Finally, Versor Investments LP bought a new stake in Docebo during the 2nd quarter worth about $317,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Trading Up 1.1 %

Docebo stock traded up $0.51 during mid-day trading on Friday, hitting $49.03. 52,007 shares of the company's stock were exchanged, compared to its average volume of 90,536. The company's 50 day simple moving average is $45.97 and its 200-day simple moving average is $41.55. 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 firm has a market capitalization of $1.48 billion, a P/E ratio of 83.66 and a beta of 1.54. Docebo Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $56.41.

Analyst Ratings Changes

DCBO has been the subject of a number of research analyst reports. Atb Cap Markets downgraded shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Scotiabank upped their price objective on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. Needham & Company LLC lifted their target price on Docebo from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 8th. CIBC boosted their price target on shares of Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Craig Hallum lifted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Two 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $57.36.

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.