UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Docebo Inc. (NASDAQ:DCBO) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,903 shares of the company’s stock after selling 2,393 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Docebo were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCBO. Plato Investment Management Ltd acquired 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 shares of Docebo in the 2nd quarter valued at about $189,000. Riverwater Partners LLC acquired a new position in Docebo in the 3rd quarter worth about $200,000. Pathway Financial Advisors LLC purchased a new position in Docebo during the third quarter worth approximately $221,000. Finally, XTX Topco Ltd acquired a new stake in Docebo in the second quarter valued at approximately $264,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

DCBO stock opened at $46.13 on Friday. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.39 billion, a PE ratio of 79.53 and a beta of 1.55. The business has a 50 day simple moving average of $48.09 and a 200-day simple moving average of $43.07.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DCBO shares. Scotiabank upped their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum lifted their target price on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC upped their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, CIBC lifted their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company 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.