UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 2,393 Shares of Docebo Inc. (NASDAQ:DCBO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of Docebo Inc. (NASDAQ:DCBO) by 13.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,903 shares of the company’s stock after selling 2,393 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.05% of Docebo worth $703,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

DCBO has been the subject of a number of research analyst reports. CIBC increased their price target on Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC increased their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note 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. Finally, 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. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Docebo currently has a consensus rating of “Moderate Buy” and an average price target of $57.36.

Docebo Trading Down 1.8 %

Shares of Docebo stock opened at $46.13 on Friday. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market cap of $1.39 billion, a PE ratio of 79.53 and a beta of 1.55. The firm has a fifty day moving average price of $48.09 and a 200 day moving average price of $43.07.

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.