CIBC Asset Management Inc Sells 62,756 Shares of Docebo Inc. (NASDAQ:DCBO)

CIBC Asset Management Inc reduced its stake in Docebo Inc. (NASDAQ:DCBO) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 360,022 shares of the company’s stock after selling 62,756 shares during the quarter. CIBC Asset Management Inc’s holdings in Docebo were worth $16,108,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP increased its stake in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares during the last quarter. Luxor Capital Group LP bought a new position in shares of Docebo in the third quarter valued at approximately $9,071,000. Warburg Pincus LLC increased its position in shares of Docebo by 5.7% during the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after acquiring an additional 190,434 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in Docebo during the third quarter worth $3,907,000. Finally, Intact Investment Management Inc. purchased a new position in Docebo in the third quarter worth $3,319,000. 53.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Craig Hallum raised their price objective on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Needham & Company LLC boosted their target price on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Scotiabank increased their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $57.36.

Docebo Stock Performance

Shares of DCBO stock opened at $42.26 on Tuesday. The firm’s 50 day moving average is $44.24 and its 200 day moving average is $44.75. The stock has a market capitalization of $1.28 billion, a P/E ratio of 72.86 and a beta of 1.55. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.