Rice Hall James & Associates LLC acquired a new position in Docebo Inc. (NASDAQ:DCBO - Free Report) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 88,384 shares of the company's stock, valued at approximately $3,907,000. Rice Hall James & Associates LLC owned 0.29% of Docebo as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Stanley Laman Group Ltd. acquired a new position in Docebo during the 2nd quarter valued at about $843,000. Lord Abbett & CO. LLC grew its stake in shares of Docebo by 54.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company's stock worth $7,327,000 after purchasing an additional 52,681 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Docebo by 23.1% in the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company's stock worth $14,198,000 after purchasing an additional 69,787 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Docebo by 109.0% in the 1st quarter. Acadian Asset Management LLC now owns 53,497 shares of the company's stock worth $2,611,000 after purchasing an additional 27,897 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Docebo by 15.1% in the 2nd quarter. Renaissance Technologies LLC now owns 118,800 shares of the company's stock worth $4,589,000 after purchasing an additional 15,600 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company's stock.
Several equities analysts have recently issued reports on DCBO shares. 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. CIBC raised their target price on shares of Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 target price (up from $45.00) on shares of Docebo in a report on Thursday, September 12th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Docebo currently has an average rating of "Moderate Buy" and an average price target of $56.00.
Get Our Latest Analysis on Docebo
Docebo stock opened at $48.39 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a market cap of $1.46 billion, a PE ratio of 89.61 and a beta of 1.55. The company's 50-day moving average is $44.19 and its two-hundred day moving average is $41.14.
Docebo (NASDAQ:DCBO - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.19 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 company had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Equities analysts anticipate that Docebo Inc. will post 0.79 earnings per share for the current year.
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.
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