XTX Topco Ltd Buys 4,350 Shares of Docebo Inc. (NASDAQ:DCBO)

XTX Topco Ltd grew its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 63.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,191 shares of the company’s stock after acquiring an additional 4,350 shares during the period. XTX Topco Ltd’s holdings in Docebo were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in Docebo during the third quarter valued at $35,000. The Manufacturers Life Insurance Company raised its stake in shares of Docebo by 0.5% in the second quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock worth $7,581,000 after buying an additional 1,058 shares during the period. 1832 Asset Management L.P. lifted its position in shares of Docebo by 60.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock valued at $309,000 after buying an additional 3,000 shares in the last quarter. TD Asset Management Inc grew its stake in shares of Docebo by 4.4% during the 2nd quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock valued at $4,230,000 after acquiring an additional 4,580 shares during the period. Finally, Riverwater Partners LLC purchased a new stake in Docebo in the 3rd quarter worth approximately $200,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Price Performance

Shares of Docebo stock opened at $50.25 on Friday. The firm has a market cap of $1.52 billion, a PE ratio of 86.64 and a beta of 1.55. The stock has a 50 day moving average of $47.71 and a 200 day moving average of $42.72. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41.

Analyst Ratings Changes

A number of equities analysts have weighed in on DCBO shares. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. 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 report on Monday, November 11th. Needham & Company LLC raised their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. CIBC boosted their price objective on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Scotiabank increased 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. 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 presently has a consensus rating of “Moderate Buy” and an average price target 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.