Docebo Inc. (NASDAQ:DCBO) Stock Position Cut by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. lessened its stake in Docebo Inc. (NASDAQ:DCBO) by 0.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,886 shares of the company’s stock after selling 380 shares during the period. PCJ Investment Counsel Ltd. owned 0.19% of Docebo worth $2,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Plato Investment Management Ltd bought a new position in Docebo in the 3rd quarter valued at about $35,000. Intact Investment Management Inc. bought a new position in shares of Docebo during the 3rd quarter valued at about $3,319,000. Rice Hall James & Associates LLC bought a new position in shares of Docebo during the 3rd quarter valued at about $3,907,000. Riverwater Partners LLC bought a new position in shares of Docebo during the 3rd quarter valued at about $200,000. Finally, Essex Investment Management Co. LLC lifted its stake in Docebo by 35.8% during the third quarter. Essex Investment Management Co. LLC now owns 81,176 shares of the company’s stock valued at $3,588,000 after buying an additional 21,407 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Trading Up 1.2 %

Shares of DCBO stock opened at $47.56 on Wednesday. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. 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 business’s 50 day moving average is $45.71 and its two-hundred day moving average is $41.46. The company has a market cap of $1.44 billion, a PE ratio of 82.00 and a beta of 1.54.

Wall Street Analysts Forecast Growth

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

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.