Cumberland Partners Ltd Purchases New Position in Docebo Inc. (NASDAQ:DCBO)

Cumberland Partners Ltd acquired a new position in shares of Docebo Inc. (NASDAQ:DCBO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 47,700 shares of the company’s stock, valued at approximately $2,138,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd bought a new position in shares of Docebo during the 3rd quarter worth $35,000. Barclays PLC purchased a new stake in Docebo in the third quarter worth about $142,000. Riverwater Partners LLC bought a new position in Docebo during the 3rd quarter worth about $200,000. XTX Topco Ltd increased its position in Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after purchasing an additional 4,350 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Docebo in the 3rd quarter valued at about $921,000. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DCBO. 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 note on Monday, November 11th. Needham & Company LLC lifted their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Scotiabank raised their price objective on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $57.36.

Docebo Price Performance

Shares of DCBO stock opened at $41.42 on Thursday. Docebo Inc. has a fifty-two week low of $33.81 and a fifty-two week high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 71.41 and a beta of 1.55. The stock’s 50-day simple moving average is $43.91 and its 200-day simple moving average is $44.77.

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.