Docebo Inc. (NASDAQ:DCBO) Shares Purchased by TD Asset Management Inc

TD Asset Management Inc lifted its position in Docebo Inc. (NASDAQ:DCBO) by 4.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,570 shares of the company’s stock after purchasing an additional 4,580 shares during the period. TD Asset Management Inc owned about 0.36% of Docebo worth $4,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in Docebo during the fourth quarter worth $48,000. Virtu Financial LLC purchased a new stake in shares of Docebo during the fourth quarter worth $262,000. Versor Investments LP purchased a new stake in shares of Docebo during the second quarter worth $317,000. Scotia Capital Inc. purchased a new stake in shares of Docebo during the fourth quarter worth $486,000. Finally, Grandeur Peak Global Advisors LLC grew its holdings in shares of Docebo by 3.7% during the first quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock worth $833,000 after buying an additional 600 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DCBO. Needham & Company LLC reaffirmed a “buy” rating and set a $45.00 target price on shares of Docebo in a report on Wednesday, June 12th. CIBC dropped their target price on shares of Docebo from $53.00 to $44.00 and set an “outperformer” rating for the company in a report on Friday, June 21st. Finally, Craig Hallum began coverage on shares of Docebo in a report on Friday, June 7th. They set a “buy” rating and a $58.00 target price for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Docebo Stock Down 0.9 %

NASDAQ DCBO opened at $41.29 on Thursday. The stock has a market cap of $1.25 billion, a PE ratio of 187.68 and a beta of 1.55. 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 $40.22 and a two-hundred day moving average price of $42.54. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO) last announced 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 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. As a group, sell-side analysts predict that Docebo Inc. will post 0.8 EPS for the current fiscal year.

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.