Northwest & Ethical Investments L.P. Boosts Stock Position in Docebo Inc. (NASDAQ:DCBO)

Northwest & Ethical Investments L.P. lifted its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 198.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,974 shares of the company's stock after buying an additional 15,931 shares during the period. Northwest & Ethical Investments L.P. owned approximately 0.08% of Docebo worth $1,073,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DCBO. Warburg Pincus LLC lifted its holdings in shares of Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock worth $156,760,000 after buying an additional 190,434 shares in the last quarter. Long Path Partners LP increased 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 acquiring an additional 45,022 shares during the last quarter. Wellington Management Group LLP lifted its stake in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock worth $26,518,000 after purchasing an additional 547,666 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Docebo by 39.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock valued at $14,741,000 after purchasing an additional 92,327 shares during the last quarter. Finally, Luxor Capital Group LP purchased a new position in shares of Docebo during the third quarter valued at about $9,071,000. 53.17% of the stock is currently owned by institutional investors.

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Docebo Trading Down 2.7 %

Shares of DCBO traded down $0.83 during midday trading on Wednesday, hitting $30.41. The stock had a trading volume of 46,385 shares, compared to its average volume of 82,640. The stock's 50 day moving average is $37.70 and its 200 day moving average is $43.21. The firm has a market cap of $920.63 million, a PE ratio of 52.43 and a beta of 1.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. Docebo Inc. has a 1 year low of $27.61 and a 1 year high of $53.86.

Analyst Upgrades and Downgrades

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

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.