Daiwa Securities Group Inc. Sells 375 Shares of Docebo Inc. (NASDAQ:DCBO)

Daiwa Securities Group Inc. trimmed its position in shares of Docebo Inc. (NASDAQ:DCBO) by 26.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,020 shares of the company’s stock after selling 375 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Docebo were worth $39,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc increased its position in shares of Docebo by 572.0% during the fourth quarter. TD Asset Management Inc now owns 94,488 shares of the company’s stock worth $4,585,000 after buying an additional 80,428 shares during the period. Scotia Capital Inc. bought a new position in shares of Docebo in the 4th quarter worth about $486,000. Quadrature Capital Ltd raised its position in shares of Docebo by 327.4% in the 4th quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock worth $6,810,000 after acquiring an additional 107,700 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Docebo in the 4th quarter valued at about $262,000. Finally, PNC Financial Services Group Inc. bought a new stake in shares of Docebo during the 4th quarter valued at about $48,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Shares of DCBO stock opened at $43.48 on Thursday. 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 $1.32 billion, a price-to-earnings ratio of 197.64 and a beta of 1.55. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. The firm’s 50-day simple moving average is $40.68 and its two-hundred day simple moving average is $42.15.

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

Analysts Set New Price Targets

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

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.