Public Employees Retirement System of Ohio Invests $921,000 in Docebo Inc. (NASDAQ:DCBO)

Public Employees Retirement System of Ohio acquired a new stake in Docebo Inc. (NASDAQ:DCBO - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 20,857 shares of the company's stock, valued at approximately $921,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Docebo at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new position in shares of Docebo during the 3rd quarter worth $35,000. Point72 Asset Management L.P. acquired a new stake in shares of Docebo in the 2nd quarter valued at approximately $189,000. Riverwater Partners LLC bought a new stake in shares of Docebo during the 3rd quarter valued at approximately $200,000. Pathway Financial Advisors LLC acquired a new position in Docebo during the 3rd quarter worth approximately $221,000. Finally, XTX Topco Ltd acquired a new stake in Docebo in the second quarter valued at approximately $264,000. 53.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DCBO has been the subject of several research analyst reports. Atb Cap Markets downgraded shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the company a "sector outperform" rating in a research note on Thursday, October 24th. CIBC upped their price objective on Docebo from $44.00 to $52.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Craig Hallum lifted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Needham & Company LLC raised their price target on shares of Docebo from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Docebo currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.36.

Docebo Stock Performance

DCBO traded up $0.06 during mid-day trading on Friday, reaching $46.19. 91,216 shares of the company traded hands, compared to its average volume of 88,667. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. The stock has a market capitalization of $1.40 billion, a P/E ratio of 79.64 and a beta of 1.55. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $48.12 and its 200-day moving average price is $43.14.

About Docebo

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.