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

Triasima Portfolio Management inc. decreased its holdings in Docebo Inc. (NASDAQ:DCBO) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,953 shares of the company’s stock after selling 393 shares during the quarter. Triasima Portfolio Management inc. owned 0.10% of Docebo worth $1,298,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Warburg Pincus LLC raised its holdings in Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares during the period. Long Path Partners LP raised its holdings in Docebo by 6.6% in the 3rd quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock worth $32,323,000 after purchasing an additional 45,022 shares during the period. Wellington Management Group LLP raised its holdings in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after purchasing an additional 547,666 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Docebo by 7.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after purchasing an additional 15,800 shares during the period. Finally, Luxor Capital Group LP acquired a new position in Docebo in the 3rd quarter worth about $9,071,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DCBO shares. Craig Hallum increased their target price on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Needham & Company LLC increased their target price on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Finally, Scotiabank increased their target price on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Docebo has an average rating of “Buy” and an average price target of $57.36.

Docebo Price Performance

DCBO stock opened at $42.21 on Friday. The firm has a market capitalization of $1.28 billion, a PE ratio of 72.78 and a beta of 1.55. 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 business has a 50 day simple moving average of $45.24 and a 200-day simple moving average of $44.47.

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.