Docebo Inc. (NASDAQ:DCBO) Shares Sold by Fiera Capital Corp

Fiera Capital Corp reduced its position in shares of Docebo Inc. (NASDAQ:DCBO) by 25.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 139,799 shares of the company’s stock after selling 47,808 shares during the period. Fiera Capital Corp owned 0.46% of Docebo worth $5,401,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. boosted its position in Docebo by 19.3% during 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. CIBC Asset Management Inc lifted its stake in shares of Docebo by 36.9% during the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after purchasing an additional 120,396 shares during the period. National Bank of Canada FI boosted its holdings in shares of Docebo by 291.7% during the fourth quarter. National Bank of Canada FI now owns 373,582 shares of the company’s stock worth $16,811,000 after purchasing an additional 278,201 shares during the last quarter. Baillie Gifford & Co. grew its position in shares of 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 purchasing an additional 41,965 shares during the period. Finally, Quadrature Capital Ltd increased its stake in Docebo by 75.2% in the first quarter. Quadrature Capital Ltd now owns 246,400 shares of the company’s stock valued at $12,045,000 after purchasing an additional 105,800 shares during the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on DCBO. Stifel Nicolaus decreased their price target on Docebo from $70.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, May 13th. Eight Capital lowered their target price on shares of Docebo from $65.00 to $60.00 and set a “buy” rating for the company in a report on Monday, May 13th. Morgan Stanley cut their price target on shares of Docebo from $65.00 to $59.00 and set an “overweight” rating on the stock in a research note on Monday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Docebo from $55.00 to $48.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, CIBC dropped their price objective on Docebo from $53.00 to $44.00 and set an “outperformer” rating for the company in a report on Friday, June 21st. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $54.50.

Docebo Trading Down 1.0 %

NASDAQ:DCBO opened at $42.69 on Wednesday. The business’s 50-day moving average is $39.84 and its two-hundred day moving average is $42.75. The firm has a market capitalization of $1.29 billion, a PE ratio of 194.05 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 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) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The company had revenue of $53.05 million for the quarter, compared to analyst estimates of $52.30 million. Research analysts predict that Docebo Inc. will post 0.8 earnings per share for the current fiscal year.

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.