Geode Capital Management LLC Purchases 911 Shares of Docebo Inc. (NASDAQ:DCBO)

Geode Capital Management LLC raised its position in Docebo Inc. (NASDAQ:DCBO) by 2.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,543 shares of the company’s stock after purchasing an additional 911 shares during the period. Geode Capital Management LLC owned 0.13% of Docebo worth $1,791,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of Docebo by 23.1% in the second quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock worth $14,198,000 after buying an additional 69,787 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in shares of Docebo in the 3rd quarter valued at about $3,907,000. Renaissance Technologies LLC raised its holdings in shares of Docebo by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company’s stock valued at $4,589,000 after acquiring an additional 15,600 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Docebo by 7.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock valued at $10,449,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Docebo during the third quarter worth about $3,319,000. 53.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Craig Hallum raised their target price on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, November 11th. CIBC lifted their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Needham & Company LLC upped their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Scotiabank raised their price target on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Finally, Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

Docebo Stock Performance

NASDAQ:DCBO opened at $43.29 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The business has a 50 day moving average price of $47.93 and a 200-day moving average price of $43.87. The firm has a market cap of $1.31 billion, a PE ratio of 74.64 and a beta of 1.56.

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.