Sycomore Asset Management lowered its holdings in shares of Docebo Inc. (NASDAQ:DCBO – Get Rating) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,900 shares of the company's stock after selling 2,700 shares during the quarter. Sycomore Asset Management's holdings in Docebo were worth $994,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Baldwin Brothers LLC MA purchased a new stake in shares of Docebo during the first quarter worth about $41,000. Shell Asset Management Co. grew its holdings in Docebo by 51.6% during the 4th quarter. Shell Asset Management Co. now owns 1,642 shares of the company's stock valued at $110,000 after buying an additional 559 shares in the last quarter. Advisor Group Holdings Inc. grew its holdings in Docebo by 75.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,805 shares of the company's stock valued at $709,000 after buying an additional 774 shares in the last quarter. Kaizen Financial Strategies grew its holdings in Docebo by 23.7% during the 1st quarter. Kaizen Financial Strategies now owns 4,700 shares of the company's stock valued at $244,000 after buying an additional 900 shares in the last quarter. Finally, Aigen Investment Management LP purchased a new position in Docebo during the 1st quarter valued at approximately $253,000. Hedge funds and other institutional investors own 35.59% of the company's stock.
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Analyst Upgrades and Downgrades
DCBO has been the subject of several research analyst reports. TD Securities cut their price target on Docebo from $56.00 to $52.00 and set a "buy" rating for the company in a report on Friday, August 12th. Morgan Stanley raised their price target on Docebo from $41.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, August 12th. Finally, CIBC cut their price target on Docebo from C$63.50 to C$54.00 in a report on Tuesday, June 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $68.33.
Docebo Trading Down 7.6 %
Shares of Docebo stock traded down $2.41 on Friday, reaching $29.39. The company had a trading volume of 135,190 shares, compared to its average volume of 77,752. The firm has a market cap of $966.20 million, a price-to-earnings ratio of -172.87 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.30 and a quick ratio of 3.30. The firm's 50-day moving average price is $30.88 and its two-hundred day moving average price is $38.92. Docebo Inc. has a 1 year low of $25.09 and a 1 year high of $92.75.
Docebo Profile
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Docebo Inc provides a cloud-based learning management system to train internal and external workforces, partners, and customers in North America, Europe, and the Asia-Pacific region. Its platform helps customers to centralize learning materials from peer enterprises and learners into one learning management system (LMS) to expedite and enrich the learning process, increase productivity, and grow teams uniformly.
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