Quadrature Capital Ltd Decreases Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Quadrature Capital Ltd lowered its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 27.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 187,200 shares of the company’s stock after selling 71,300 shares during the quarter. Quadrature Capital Ltd’s holdings in Docebo were worth $8,281,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Plato Investment Management Ltd purchased a new stake in Docebo in the third quarter worth approximately $35,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Docebo by 0.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock valued at $7,581,000 after buying an additional 1,058 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Docebo by 60.0% during the 2nd quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock valued at $309,000 after buying an additional 3,000 shares during the period. TD Asset Management Inc boosted its stake in shares of Docebo by 4.4% in the 2nd quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock worth $4,230,000 after buying an additional 4,580 shares during the last quarter. Finally, Riverwater Partners LLC bought a new stake in shares of Docebo in the third quarter worth $200,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Up 1.0 %

NASDAQ DCBO opened at $50.02 on Thursday. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.51 billion, a PE ratio of 86.24 and a beta of 1.55. The stock’s 50 day moving average is $46.77 and its 200 day moving average is $42.05.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DCBO shares. Scotiabank raised their target price on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Craig Hallum upped their target price on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. CIBC increased their price target 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. 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 report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $57.36.

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.