CIBC Asset Management Inc Has $18.66 Million Stake in Docebo Inc. (NASDAQ:DCBO)

CIBC Asset Management Inc lowered its position in shares of Docebo Inc. (NASDAQ:DCBO) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 422,778 shares of the company’s stock after selling 23,766 shares during the quarter. CIBC Asset Management Inc owned 1.40% of Docebo worth $18,664,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DCBO. Hillsdale Investment Management Inc. raised its stake in Docebo by 19.3% during the 1st 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 period. Long Path Partners LP increased its stake in Docebo by 73.0% during the 2nd 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. Bank of Montreal Can raised its holdings in Docebo by 23.1% during the 2nd quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock worth $14,198,000 after buying an additional 69,787 shares during the period. Baillie Gifford & Co. lifted its stake in Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company’s stock valued at $10,202,000 after buying an additional 41,965 shares in the last quarter. Finally, Quadrature Capital Ltd boosted its holdings in shares of Docebo by 75.2% in the first quarter. Quadrature Capital Ltd now owns 246,400 shares of the company’s stock valued at $12,045,000 after buying an additional 105,800 shares during the period. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Docebo stock opened at $46.83 on Friday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 80.74 and a beta of 1.54. The stock’s 50 day moving average is $45.47 and its 200-day moving average is $41.48. The company has a current ratio of 1.13, a quick ratio of 1.11 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.

Wall Street Analyst Weigh In

Several equities research 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 report on Thursday, October 24th. Atb Cap Markets lowered Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Craig Hallum boosted their price objective on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, CIBC raised their target price on shares of Docebo from $44.00 to $52.00 and gave the company 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 issued a buy rating to the stock. According to data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and an average 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.