Connor Clark & Lunn Investment Management Ltd. Has $14.74 Million Stake in Docebo Inc. (NASDAQ:DCBO)

Connor Clark & Lunn Investment Management Ltd. grew its position in Docebo Inc. (NASDAQ:DCBO) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 329,152 shares of the company’s stock after buying an additional 92,327 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Docebo were worth $14,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new stake in shares of Docebo during the third quarter worth $35,000. Barclays PLC bought a new position in shares of Docebo during the 3rd quarter worth approximately $142,000. Y Intercept Hong Kong Ltd bought a new position in Docebo in the fourth quarter valued at $348,000. XTX Topco Ltd increased its position in shares of Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after acquiring an additional 4,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Docebo during the 3rd quarter worth approximately $921,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Price Performance

Docebo stock opened at $28.91 on Friday. The company has a market capitalization of $875.39 million, a price-to-earnings ratio of 49.84 and a beta of 1.60. The stock’s 50 day moving average is $39.76 and its 200-day moving average is $43.92. 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 Inc. has a 12 month low of $27.61 and a 12 month high of $53.86.

Analysts Set New Price Targets

Several research firms have recently commented on DCBO. Scotiabank cut their price objective on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. UBS Group set a $45.00 price target on shares of Docebo in a research note on Tuesday, March 4th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Morgan Stanley set a $43.00 target price on shares of Docebo in a research note 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $53.18.

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.