Docebo Inc. (NASDAQ:DCBO) Holdings Cut by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its holdings in Docebo Inc. (NASDAQ:DCBO) by 7.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 236,724 shares of the company’s stock after selling 18,601 shares during the period. Baillie Gifford & Co.’s holdings in Docebo were worth $10,610,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of DCBO. Plato Investment Management Ltd bought a new stake in shares of Docebo during the third quarter valued at approximately $35,000. Barclays PLC bought a new stake in shares of Docebo during the third quarter valued at approximately $142,000. Riverwater Partners LLC bought a new stake in shares of Docebo during the third quarter valued at approximately $200,000. XTX Topco Ltd raised its holdings in shares of Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after buying an additional 4,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Docebo during the third quarter valued at approximately $921,000. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

NASDAQ DCBO opened at $42.26 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $1.28 billion, a PE ratio of 72.86 and a beta of 1.55. Docebo Inc. has a 12 month low of $33.81 and a 12 month high of $56.41. The company’s 50 day simple moving average is $44.24 and its 200 day simple moving average is $44.75.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DCBO. Scotiabank lifted their price target on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. Needham & Company LLC lifted their price target on Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a report on Friday, November 8th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 4th. Finally, Craig Hallum lifted their price target on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target 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.