JPMorgan Chase & Co. Sells 6,628 Shares of Docebo Inc. (NASDAQ:DCBO)

JPMorgan Chase & Co. trimmed its position in Docebo Inc. (NASDAQ:DCBO) by 20.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,150 shares of the company’s stock after selling 6,628 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Docebo worth $1,156,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of DCBO. Barclays PLC purchased a new stake in shares of Docebo during the 3rd quarter valued at $142,000. Geode Capital Management LLC increased its position in Docebo by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock valued at $1,791,000 after buying an additional 911 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Docebo during the 3rd quarter valued at about $921,000. Luxor Capital Group LP purchased a new stake in Docebo in the third quarter valued at about $9,071,000. Finally, XTX Topco Ltd boosted its holdings in Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after acquiring an additional 4,350 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Stock Up 1.1 %

Docebo stock opened at $43.21 on Friday. The business’s 50-day moving average price is $46.37 and its 200 day moving average price is $44.19. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 74.50 and a beta of 1.56. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41.

Wall Street Analyst Weigh In

DCBO has been the topic of several recent analyst reports. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum upped their price target 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. Scotiabank lifted their price objective 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. Finally, Needham & Company LLC boosted their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $57.36.

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.