Louisbourg Investments Inc. Has $1.63 Million Holdings in Docebo Inc. (NASDAQ:DCBO)

Louisbourg Investments Inc. decreased its position in Docebo Inc. (NASDAQ:DCBO) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,465 shares of the company’s stock after selling 3,435 shares during the quarter. Louisbourg Investments Inc.’s holdings in Docebo were worth $1,634,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Barclays PLC acquired a new position in shares of Docebo in the third quarter valued at about $142,000. Geode Capital Management LLC increased its holdings in shares of Docebo by 2.3% during the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after purchasing an additional 911 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Docebo in the third quarter valued at approximately $921,000. Luxor Capital Group LP bought a new stake in shares of Docebo in the third quarter valued at approximately $9,071,000. Finally, XTX Topco Ltd grew its position in Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after buying an additional 4,350 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Down 0.6 %

Shares of NASDAQ:DCBO opened at $42.43 on Wednesday. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. The company has a market capitalization of $1.28 billion, a PE ratio of 73.16 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The company has a fifty day moving average of $44.82 and a 200-day moving average of $44.65.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Needham & Company LLC increased their price objective 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 raised 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. Finally, Scotiabank upped their price target on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $57.36.

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.