Hillsdale Investment Management Inc. Buys 412,403 Shares of Docebo Inc. (NASDAQ:DCBO)

Hillsdale Investment Management Inc. grew its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 207.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 611,085 shares of the company’s stock after buying an additional 412,403 shares during the quarter. Docebo makes up 1.4% of Hillsdale Investment Management Inc.’s holdings, making the stock its 14th biggest holding. Hillsdale Investment Management Inc. owned approximately 2.02% of Docebo worth $27,372,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DCBO. American Century Companies Inc. lifted its holdings in shares of Docebo by 27.6% during the fourth quarter. American Century Companies Inc. now owns 337,777 shares of the company’s stock worth $15,147,000 after purchasing an additional 73,149 shares during the period. Quantbot Technologies LP acquired a new position in shares of Docebo during the fourth quarter worth $132,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Docebo by 198.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,974 shares of the company’s stock worth $1,073,000 after purchasing an additional 15,931 shares during the period. Magnetar Financial LLC lifted its holdings in shares of Docebo by 113.8% during the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company’s stock worth $485,000 after purchasing an additional 5,761 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Docebo by 39.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company’s stock worth $14,741,000 after purchasing an additional 92,327 shares during the period. Institutional investors own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DCBO shares. UBS Group set a $45.00 price target on shares of Docebo in a report on Tuesday, March 4th. Morgan Stanley set a $43.00 target price on shares of Docebo in a report on Friday, February 28th. Scotiabank dropped their target price on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a report on Tuesday, March 4th. Finally, Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $53.18.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $30.03 on Friday. The firm’s 50-day moving average price is $38.14 and its 200-day moving average price is $43.34. Docebo Inc. has a 1-year low of $27.61 and a 1-year high of $53.86. The firm has a market capitalization of $909.13 million, a P/E ratio of 51.78 and a beta of 1.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.