Fiera Capital Corp Decreases Stake in Docebo Inc. (NASDAQ:DCBO)

Fiera Capital Corp lessened its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 55.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 62,280 shares of the company's stock after selling 77,519 shares during the quarter. Fiera Capital Corp owned approximately 0.21% of Docebo worth $2,752,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DCBO. Intact Investment Management Inc. bought a new position in shares of Docebo during the 3rd quarter worth approximately $3,319,000. Rice Hall James & Associates LLC bought a new position in shares of Docebo during the 3rd quarter worth approximately $3,907,000. Riverwater Partners LLC bought a new position in shares of Docebo during the 3rd quarter worth approximately $200,000. Essex Investment Management Co. LLC boosted its holdings in shares of Docebo by 35.8% during the 3rd quarter. Essex Investment Management Co. LLC now owns 81,176 shares of the company's stock worth $3,588,000 after buying an additional 21,407 shares in the last quarter. Finally, Pathway Financial Advisors LLC bought a new position in shares of Docebo during the 3rd quarter worth approximately $221,000. Institutional investors and hedge funds own 53.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DCBO shares. Needham & Company LLC increased their price target on Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Friday. 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, Scotiabank increased their price target on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $56.83.

Docebo Stock Up 0.5 %

Shares of DCBO traded up $0.27 during trading hours on Friday, reaching $51.45. The stock had a trading volume of 83,814 shares, compared to its average volume of 39,413. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 95.28 and a beta of 1.54. The firm has a 50-day simple moving average of $44.81 and a 200 day simple moving average of $41.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a net margin of 8.56% and a return on equity of 29.82%. The business had revenue of $53.05 million for the quarter, compared to analysts' expectations of $52.30 million. Equities research analysts predict that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

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.