Docebo Inc. (NASDAQ:DCBO) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its stake in Docebo Inc. (NASDAQ:DCBO) by 8.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 13,184 shares of the company’s stock after selling 1,282 shares during the period. Stanley Laman Group Ltd.’s holdings in Docebo were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DCBO. Plato Investment Management Ltd acquired a new stake in Docebo in the 3rd quarter valued at approximately $35,000. Barclays PLC acquired a new stake in Docebo in the 3rd quarter valued at approximately $142,000. Riverwater Partners LLC acquired a new stake in Docebo in the 3rd quarter valued at approximately $200,000. XTX Topco Ltd increased its holdings in Docebo by 63.6% in the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after purchasing an additional 4,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Docebo in the 3rd quarter valued at approximately $921,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on DCBO shares. Scotiabank boosted their price target on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 24th. Needham & Company LLC boosted their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Craig Hallum boosted their price target on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $57.36.

Docebo Price Performance

Docebo stock opened at $42.48 on Friday. The stock has a market cap of $1.29 billion, a P/E ratio of 73.24 and a beta of 1.55. The company has a fifty day simple moving average of $44.51 and a 200-day simple moving average of $44.62. Docebo Inc. has a 12-month low of $33.81 and a 12-month high of $56.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Docebo Profile

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.