1832 Asset Management L.P. Raises Position in Docebo Inc. (NASDAQ:DCBO)

1832 Asset Management L.P. grew its position in shares of Docebo Inc. (NASDAQ:DCBO) by 60.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 8,000 shares of the company’s stock after acquiring an additional 3,000 shares during the period. 1832 Asset Management L.P.’s holdings in Docebo were worth $309,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of Docebo in the 4th quarter worth approximately $48,000. Virtu Financial LLC bought a new stake in shares of Docebo in the fourth quarter worth approximately $262,000. XTX Topco Ltd purchased a new position in shares of Docebo during the second quarter valued at approximately $264,000. Versor Investments LP bought a new position in Docebo during the second quarter valued at approximately $317,000. Finally, Scotia Capital Inc. purchased a new stake in Docebo in the fourth quarter worth approximately $486,000. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $45.12 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 205.09 and a beta of 1.55. The firm has a fifty day moving average price of $41.57 and a 200 day moving average price of $41.92. Docebo Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $56.41.

Docebo (NASDAQ:DCBO) last issued its earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. As a group, sell-side analysts expect that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DCBO shares. CIBC boosted their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Craig Hallum initiated coverage on Docebo in a research report on Friday, June 7th. They set a “buy” rating and a $58.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target (up from $45.00) on shares of Docebo in a research note on Thursday, September 12th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and an average target price of $55.58.

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.