Plato Investment Management Ltd Purchases New Stake in Docebo Inc. (NASDAQ:DCBO)

Plato Investment Management Ltd acquired a new position in Docebo Inc. (NASDAQ:DCBO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 789 shares of the company’s stock, valued at approximately $35,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCBO. Hillsdale Investment Management Inc. increased its stake in shares of Docebo by 19.3% in the first quarter. Hillsdale Investment Management Inc. now owns 738,692 shares of the company’s stock worth $36,129,000 after purchasing an additional 119,434 shares in the last quarter. Long Path Partners LP grew its stake in Docebo by 73.0% in the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock valued at $26,511,000 after buying an additional 289,524 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Docebo by 36.9% during the 2nd quarter. CIBC Asset Management Inc now owns 446,544 shares of the company’s stock valued at $17,233,000 after acquiring an additional 120,396 shares during the period. Bank of Montreal Can lifted its position in shares of Docebo by 23.1% during the second quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock worth $14,198,000 after acquiring an additional 69,787 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings 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 acquiring an additional 41,965 shares during the period. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DCBO shares. Scotiabank lifted their target price on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. Craig Hallum boosted 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. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC boosted their price target 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. Finally, CIBC increased their price objective on Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.36.

Docebo Price Performance

DCBO stock opened at $46.83 on Friday. The firm has a market cap of $1.42 billion, a P/E ratio of 80.74 and a beta of 1.54. The firm’s fifty day moving average is $45.47 and its 200 day moving average is $41.48. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.13.

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.