Docebo Inc. (NASDAQ:DCBO) Stock Position Lifted by American Century Companies Inc.

American Century Companies Inc. boosted its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 42.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,575 shares of the company’s stock after purchasing an additional 70,859 shares during the period. American Century Companies Inc. owned about 0.79% of Docebo worth $9,174,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its position in Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after acquiring an additional 119,434 shares in the last quarter. CIBC Asset Management Inc grew its position in Docebo by 36.9% in the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after acquiring an additional 120,396 shares in the last quarter. Baillie Gifford & Co. grew its position in Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company’s stock worth $10,202,000 after acquiring an additional 41,965 shares in the last quarter. Quadrature Capital Ltd grew its position in Docebo by 75.2% in the first quarter. Quadrature Capital Ltd now owns 246,400 shares of the company’s stock worth $12,045,000 after acquiring an additional 105,800 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its position in Docebo by 54.4% in the first quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock worth $7,327,000 after acquiring an additional 52,681 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on DCBO. CIBC boosted their target price on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Craig Hallum initiated coverage on shares of Docebo in a research report on Friday, June 7th. They issued a “buy” rating and a $58.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.58.

Docebo Trading Up 3.0 %

Shares of DCBO stock opened at $46.57 on Monday. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 211.68 and a beta of 1.55. 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 fifty day moving average of $40.99 and a 200-day moving average of $42.05.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data 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 net margin of 8.56% and a return on equity of 29.82%. The business had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. On average, equities research analysts forecast that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

Docebo Company 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.