Docebo Inc. (NASDAQ:DCBO) Shares Sold by National Bank of Canada FI

National Bank of Canada FI reduced its position in Docebo Inc. (NASDAQ:DCBO) by 30.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 67,491 shares of the company’s stock after selling 29,184 shares during the quarter. National Bank of Canada FI’s holdings in Docebo were worth $2,551,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Docebo in the 4th quarter valued at $48,000. Virtu Financial LLC acquired a new position in Docebo in the 4th quarter valued at $262,000. Versor Investments LP acquired a new position in Docebo in the 2nd quarter valued at $317,000. Scotia Capital Inc. acquired a new position in Docebo in the 4th quarter valued at $486,000. Finally, Grandeur Peak Global Advisors LLC increased its stake in Docebo by 3.7% in the 1st quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock valued at $833,000 after buying an additional 600 shares during the period. 53.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Docebo Price Performance

NASDAQ:DCBO opened at $41.29 on Thursday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 187.68 and a beta of 1.55. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $40.22 and its two-hundred day moving average is $42.54. Docebo Inc. has a 12-month low of $33.81 and a 12-month high of $56.41.

Docebo (NASDAQ:DCBO) last released 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). The firm had revenue of $53.05 million during the quarter, compared to analysts’ expectations of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. Research analysts expect that Docebo Inc. will post 0.8 EPS for the current year.

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.