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

Northwest & Ethical Investments L.P. lessened its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 13.3% during the 3rd quarter, Holdings Channel reports. The firm owned 8,043 shares of the company’s stock after selling 1,237 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Docebo were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in shares of Docebo in the third quarter worth $35,000. Riverwater Partners LLC purchased a new stake in Docebo during the 3rd quarter worth about $200,000. Point72 Asset Management L.P. purchased a new stake in shares of Docebo during the second quarter worth approximately $189,000. Pathway Financial Advisors LLC acquired a new position in shares of Docebo during the third quarter worth $221,000. Finally, XTX Topco Ltd acquired a new position in shares of Docebo during the 2nd quarter worth about $264,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $49.87 on Friday. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. 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 business’s 50-day simple moving average is $46.62 and its 200-day simple moving average is $41.85. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of 85.98 and a beta of 1.54.

Analysts Set New Price Targets

DCBO has been the topic of a number of research analyst reports. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Scotiabank boosted their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Craig Hallum upped 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. Needham & Company LLC upped their target price on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, CIBC raised their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.36.

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.