Connor Clark & Lunn Investment Management Ltd. Raises Stake in Docebo Inc. (NASDAQ:DCBO)

Connor Clark & Lunn Investment Management Ltd. lifted its position in Docebo Inc. (NASDAQ:DCBO) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 236,825 shares of the company’s stock after purchasing an additional 15,800 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Docebo were worth $10,449,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Stanley Laman Group Ltd. purchased a new stake in Docebo in the 2nd quarter worth $843,000. Bank of Montreal Can grew its position 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 worth $14,198,000 after purchasing an additional 69,787 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in Docebo during the 3rd quarter valued at approximately $3,907,000. Renaissance Technologies LLC lifted its holdings in Docebo by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock worth $4,589,000 after purchasing an additional 15,600 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Docebo in the 3rd quarter worth approximately $3,319,000. 53.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. CIBC lifted their price objective 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. Craig Hallum boosted their price target on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC increased their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank lifted their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Finally, Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Docebo Trading Up 1.0 %

Shares of NASDAQ DCBO opened at $48.52 on Friday. Docebo Inc. has a 1-year low of $33.81 and a 1-year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average is $45.97 and its two-hundred day moving average is $41.55. The stock has a market capitalization of $1.47 billion, a P/E ratio of 83.66 and a beta of 1.54.

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.