National Bank of Canada FI Sells 16,498 Shares of Docebo Inc. (NASDAQ:DCBO)

National Bank of Canada FI trimmed its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 26.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,280 shares of the company's stock after selling 16,498 shares during the period. National Bank of Canada FI owned 0.15% of Docebo worth $2,067,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in Docebo in the fourth quarter valued at $132,000. Barclays PLC acquired a new stake in shares of Docebo in the 3rd quarter worth about $142,000. Y Intercept Hong Kong Ltd bought a new stake in Docebo in the 4th quarter valued at about $348,000. Magnetar Financial LLC lifted its position in Docebo by 113.8% in the 4th quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock valued at $485,000 after purchasing an additional 5,761 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company's stock valued at $495,000 after purchasing an additional 4,350 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price target on shares of Docebo in a report on Thursday. UBS Group set a $45.00 target price on Docebo in a research note on Tuesday, March 4th. Atb Cap Markets raised Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Scotiabank cut their price objective on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. Finally, Morgan Stanley set a $43.00 target price on shares of Docebo in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $51.55.

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Docebo Stock Up 0.9 %

Shares of NASDAQ DCBO traded up $0.26 during mid-day trading on Monday, reaching $30.04. The company had a trading volume of 5,025 shares, compared to its average volume of 85,147. The stock has a market capitalization of $909.31 million, a PE ratio of 51.79 and a beta of 1.59. Docebo Inc. has a twelve month low of $25.10 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The stock's 50 day moving average is $33.68 and its 200-day moving average is $41.69.

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.