Docebo Inc. (NASDAQ:DCBO) Position Increased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in Docebo Inc. (NASDAQ:DCBO - Free Report) by 207.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611,085 shares of the company's stock after purchasing an additional 412,403 shares during the period. Docebo comprises about 1.4% of Hillsdale Investment Management Inc.'s investment portfolio, making the stock its 14th largest position. Hillsdale Investment Management Inc. owned about 2.02% of Docebo worth $27,372,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DCBO. Connor Clark & Lunn Investment Management Ltd. grew its position 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 purchasing an additional 15,800 shares during the period. Long Path Partners LP grew its holdings in Docebo by 6.6% in the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company's stock valued at $32,323,000 after buying an additional 45,022 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of 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 shares of Docebo during the 3rd quarter valued at about $1,346,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Docebo by 1,047.0% during the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock worth $26,518,000 after acquiring an additional 547,666 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Docebo Stock Down 2.7 %

DCBO traded down $0.83 during trading on Wednesday, hitting $30.41. The company had a trading volume of 46,385 shares, compared to its average volume of 82,724. Docebo Inc. has a 1-year low of $27.61 and a 1-year high of $53.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $920.63 million, a PE ratio of 52.43 and a beta of 1.60. The business has a 50-day moving average of $37.45 and a 200-day moving average of $43.12.

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.