Geode Capital Management LLC Raises Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Geode Capital Management LLC raised its position in shares of Docebo Inc. (NASDAQ:DCBO) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 40,543 shares of the company’s stock after purchasing an additional 911 shares during the period. Geode Capital Management LLC’s holdings in Docebo were worth $1,791,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Plato Investment Management Ltd purchased a new position in Docebo during the 3rd quarter valued at about $35,000. Barclays PLC bought a new stake in shares of Docebo in the 3rd quarter worth approximately $142,000. Riverwater Partners LLC purchased a new stake in shares of Docebo in the 3rd quarter worth approximately $200,000. Point72 Asset Management L.P. bought a new position in Docebo during the 2nd quarter valued at approximately $189,000. Finally, Pathway Financial Advisors LLC purchased a new position in Docebo during the third quarter valued at $221,000. Institutional investors own 53.17% of the company’s stock.

Analyst Ratings Changes

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

Docebo Stock Up 0.0 %

Shares of Docebo stock opened at $43.29 on Thursday. Docebo Inc. has a twelve month low of $33.81 and a twelve month high of $56.41. 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 company’s 50 day moving average is $47.93 and its 200 day moving average is $43.87. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 74.64 and a beta of 1.56.

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.