Bank of Montreal Can Sells 15,519 Shares of Docebo Inc. (NASDAQ:DCBO)

Bank of Montreal Can decreased its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 4.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 356,171 shares of the company's stock after selling 15,519 shares during the quarter. Bank of Montreal Can owned approximately 1.18% of Docebo worth $15,747,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of DCBO. Plato Investment Management Ltd bought a new stake in shares of Docebo during the third quarter valued at approximately $35,000. Riverwater Partners LLC bought a new stake in Docebo in the 3rd quarter valued at $200,000. Point72 Asset Management L.P. bought a new stake in Docebo in the 2nd quarter valued at $189,000. Pathway Financial Advisors LLC purchased a new stake in Docebo in the 3rd quarter worth $221,000. Finally, XTX Topco Ltd bought a new position in shares of Docebo during the 2nd quarter valued at about $264,000. Institutional investors own 53.17% of the company's stock.

Analyst Ratings Changes

DCBO has been the topic of a number of research analyst reports. Craig Hallum boosted their target price on Docebo from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. 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 increased their target price on Docebo from $50.00 to $60.00 and gave the company a "buy" rating in a research report 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 report on Monday, September 16th. Finally, Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $57.36.

Docebo Trading Up 1.0 %

DCBO stock traded up $0.51 during mid-day trading on Friday, reaching $49.87. The company had a trading volume of 34,007 shares, compared to its average volume of 90,581. The company has a market capitalization of $1.51 billion, a PE ratio of 85.98 and a beta of 1.54. The firm has a 50 day moving average of $46.62 and a 200 day moving average of $41.88. Docebo Inc. has a 12 month low of $33.81 and a 12 month 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.