Long Path Partners LP Increases Position in Docebo Inc. (NASDAQ:DCBO)

Long Path Partners LP lifted its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 731,299 shares of the company's stock after acquiring an additional 45,022 shares during the quarter. Docebo makes up approximately 10.5% of Long Path Partners LP's portfolio, making the stock its 3rd biggest position. Long Path Partners LP owned 2.42% of Docebo worth $32,323,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DCBO. CIBC Asset Management Inc lifted its holdings in shares of Docebo by 36.9% during the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company's stock worth $17,233,000 after purchasing an additional 120,396 shares during the period. Bank of Montreal Can lifted its holdings in Docebo by 23.1% during the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company's stock worth $14,198,000 after buying an additional 69,787 shares during the period. Baillie Gifford & Co. lifted its holdings in Docebo by 18.9% during the 2nd quarter. Baillie Gifford & Co. now owns 264,234 shares of the company's stock worth $10,202,000 after buying an additional 41,965 shares during the period. American Century Companies Inc. grew its position in shares of Docebo by 42.5% in the 2nd quarter. American Century Companies Inc. now owns 237,575 shares of the company's stock valued at $9,174,000 after buying an additional 70,859 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Docebo by 7.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company's stock valued at $10,449,000 after buying an additional 15,800 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Docebo Stock Performance

Shares of NASDAQ:DCBO traded up $0.51 during midday trading on Friday, reaching $49.03. The company had a trading volume of 53,040 shares, compared to its average volume of 88,158. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. The company's 50 day moving average price is $46.10 and its 200 day moving average price is $41.50. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.48 billion, a P/E ratio of 84.53 and a beta of 1.54.

Docebo 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.