Pathway Financial Advisors LLC Acquires New Holdings in Docebo Inc. (NASDAQ:DCBO)

Pathway Financial Advisors LLC acquired a new stake in shares of Docebo Inc. (NASDAQ:DCBO) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Hillsdale Investment Management Inc. grew its holdings in Docebo by 19.3% during 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 during the period. Long Path Partners LP grew its holdings in Docebo by 73.0% during the second quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock worth $26,511,000 after acquiring an additional 289,524 shares during the period. CIBC Asset Management Inc increased its stake in Docebo by 36.9% in the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after purchasing an additional 120,396 shares in the last quarter. Bank of Montreal Can increased its stake in Docebo by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock worth $14,198,000 after purchasing an additional 69,787 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in Docebo by 18.9% in the 2nd quarter. Baillie Gifford & Co. now owns 264,234 shares of the company’s stock worth $10,202,000 after purchasing an additional 41,965 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $43.41 on Wednesday. The stock has a 50 day moving average price of $42.42 and a 200 day moving average price of $41.32. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. 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 stock has a market capitalization of $1.31 billion, a PE ratio of 197.32 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last released 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. Analysts predict that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

DCBO has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Docebo in a research note on Thursday, September 12th. CIBC raised their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, Docebo presently has a consensus rating of “Moderate Buy” and an average price target 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.