Fiera Capital Corp Decreases Holdings in Docebo Inc. (NASDAQ:DCBO)

Fiera Capital Corp lessened its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 55.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,280 shares of the company’s stock after selling 77,519 shares during the period. Fiera Capital Corp owned about 0.21% of Docebo worth $2,752,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. increased its holdings in Docebo by 19.3% during the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after buying an additional 119,434 shares during the last quarter. Long Path Partners LP increased its stake in shares of Docebo by 73.0% in the second quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock worth $26,511,000 after purchasing an additional 289,524 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Docebo by 36.9% in the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock worth $17,233,000 after purchasing an additional 120,396 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Docebo by 23.1% in the second 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 in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company’s stock worth $10,202,000 after purchasing an additional 41,965 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. CIBC boosted their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Finally, Needham & Company LLC boosted their price objective on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.83.

Docebo Trading Up 0.5 %

Shares of Docebo stock opened at $51.45 on Friday. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The firm has a market cap of $1.56 billion, a PE ratio of 95.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11. The company has a 50 day simple moving average of $44.81 and a two-hundred day simple moving average of $41.32.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. Analysts expect that Docebo Inc. will post 0.79 earnings per share for the current fiscal year.

Docebo Company 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.