The Manufacturers Life Insurance Company Increases Position in Docebo Inc. (NASDAQ:DCBO)

The Manufacturers Life Insurance Company lifted its position in shares of Docebo Inc. (NASDAQ:DCBO) by 2.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,935 shares of the company’s stock after buying an additional 5,347 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Docebo were worth $8,917,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Docebo in the third quarter worth about $35,000. Point72 Asset Management L.P. purchased a new position in Docebo in the 2nd quarter worth approximately $189,000. Riverwater Partners LLC bought a new position in Docebo in the 3rd quarter worth approximately $200,000. Pathway Financial Advisors LLC purchased a new stake in Docebo during the 3rd quarter valued at approximately $221,000. Finally, XTX Topco Ltd purchased a new stake in Docebo during the 2nd quarter valued at approximately $264,000. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Shares of Docebo stock opened at $49.53 on Wednesday. The stock has a 50 day moving average price of $46.68 and a 200-day moving average price of $41.97. Docebo Inc. has a one year low of $33.81 and a one year high of $56.41. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 85.40 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. CIBC increased their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Scotiabank lifted their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Needham & Company LLC boosted their target price on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Craig Hallum raised their price target on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Docebo has an average rating of “Moderate Buy” and a consensus target price 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.