Erste Asset Management GmbH Purchases Shares of 30,400 Docebo Inc. (NASDAQ:DCBO)

Erste Asset Management GmbH acquired a new position in shares of Docebo Inc. (NASDAQ:DCBO) in the third quarter, HoldingsChannel.com reports. The firm acquired 30,400 shares of the company’s stock, valued at approximately $1,346,000.

Other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd acquired a new position in Docebo during the third quarter valued at approximately $35,000. Point72 Asset Management L.P. bought a new stake in Docebo during the second quarter worth $189,000. Riverwater Partners LLC acquired a new stake in Docebo in the third quarter valued at $200,000. Pathway Financial Advisors LLC bought a new position in shares of Docebo in the 3rd quarter valued at about $221,000. Finally, XTX Topco Ltd acquired a new position in shares of Docebo during the 2nd quarter worth about $264,000. Institutional investors own 53.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DCBO. Craig Hallum raised their target price 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 increased their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank raised their target price 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. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, CIBC raised their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

Docebo Trading Up 1.5 %

Shares of Docebo stock opened at $49.53 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 12-month low of $33.81 and a 12-month high of $56.41. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 85.40 and a beta of 1.55. The firm’s 50-day moving average price is $46.68 and its two-hundred day moving average price is $41.97.

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.