Northwest & Ethical Investments L.P. Grows Position in Docebo Inc. (NASDAQ:DCBO)

Northwest & Ethical Investments L.P. boosted its position in shares of Docebo Inc. (NASDAQ:DCBO) by 198.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,974 shares of the company’s stock after acquiring an additional 15,931 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.08% of Docebo worth $1,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DCBO. Wellington Management Group LLP boosted its holdings in Docebo by 1,047.0% during the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after acquiring an additional 547,666 shares during the period. Luxor Capital Group LP purchased a new position in Docebo during the 3rd quarter valued at about $9,071,000. Warburg Pincus LLC boosted its stake in shares of Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after buying an additional 190,434 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Docebo by 39.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company’s stock valued at $14,741,000 after buying an additional 92,327 shares during the period. Finally, Cumberland Partners Ltd purchased a new position in shares of Docebo in the 4th quarter valued at about $2,138,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group set a $45.00 price objective on Docebo in a research note on Tuesday, March 4th. Scotiabank decreased their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley set a $43.00 price objective on Docebo in a research note on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $53.18.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $30.03 on Friday. The firm has a market capitalization of $909.13 million, a PE ratio of 51.78 and a beta of 1.60. Docebo Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $53.86. The stock’s 50-day simple moving average is $38.14 and its 200-day simple moving average is $43.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Docebo 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.