Docebo Inc. (NASDAQ:DCBO) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. cut its holdings in Docebo Inc. (NASDAQ:DCBO) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,953 shares of the company’s stock after selling 393 shares during the period. Triasima Portfolio Management inc.’s holdings in Docebo were worth $1,298,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in shares of Docebo during the third quarter worth about $35,000. Geode Capital Management LLC increased its position in shares of Docebo by 2.3% during the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after purchasing an additional 911 shares in the last quarter. Barclays PLC acquired a new stake in shares of Docebo during the third quarter worth about $142,000. XTX Topco Ltd increased its position in shares of Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after purchasing an additional 4,350 shares in the last quarter. Finally, Riverwater Partners LLC acquired a new stake in shares of Docebo during the third quarter worth about $200,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Scotiabank lifted 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. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Craig Hallum boosted their price target on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC boosted their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $57.36.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $42.21 on Friday. The business’s 50 day simple moving average is $45.24 and its 200-day simple moving average is $44.47. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 72.78 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41.

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.