75,200 Shares in Docebo Inc. (NASDAQ:DCBO) Purchased by Intact Investment Management Inc.

Intact Investment Management Inc. bought a new position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 75,200 shares of the company's stock, valued at approximately $3,319,000. Intact Investment Management Inc. owned about 0.25% of Docebo as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DCBO. Hillsdale Investment Management Inc. raised its stake in shares of Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company's stock worth $36,129,000 after acquiring an additional 119,434 shares during the last quarter. Long Path Partners LP increased its stake in shares of Docebo by 73.0% in the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company's stock valued at $26,511,000 after buying an additional 289,524 shares during the period. CIBC Asset Management Inc raised its position 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 acquiring an additional 120,396 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Docebo by 23.1% during the second quarter. Bank of Montreal Can now owns 371,690 shares of the company's stock valued at $14,198,000 after acquiring an additional 69,787 shares during the period. Finally, Baillie Gifford & Co. boosted its holdings in 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 acquiring an additional 41,965 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Stock Up 3.0 %

DCBO traded up $1.45 during trading on Tuesday, reaching $49.49. The company had a trading volume of 63,998 shares, compared to its average volume of 89,233. The company has a market cap of $1.49 billion, a P/E ratio of 91.65 and a beta of 1.54. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The business's fifty day moving average price is $44.25 and its 200 day moving average price is $41.13. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DCBO shares. CIBC upped their target price on shares of Docebo from $44.00 to $52.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price target (up previously from $45.00) on shares of Docebo in a research note on Thursday, September 12th. Finally, Scotiabank lifted their price objective on Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Docebo currently has an average rating of "Moderate Buy" and an average target price of $56.00.

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.