Rice Hall James & Associates LLC Makes New Investment in Docebo Inc. (NASDAQ:DCBO)

Rice Hall James & Associates LLC purchased a new stake in Docebo Inc. (NASDAQ:DCBO) in the third quarter, Holdings Channel reports. The institutional investor purchased 88,384 shares of the company’s stock, valued at approximately $3,907,000.

A number of other large investors also recently modified their holdings of DCBO. PNC Financial Services Group Inc. acquired a new stake in Docebo during the 4th quarter worth about $48,000. Point72 Asset Management L.P. bought a new position in Docebo in the 2nd quarter valued at about $189,000. Riverwater Partners LLC bought a new position in Docebo in the 3rd quarter valued at about $200,000. Pathway Financial Advisors LLC bought a new position in shares of Docebo during the 3rd quarter worth approximately $221,000. Finally, XTX Topco Ltd bought a new position in shares of Docebo during the 2nd quarter worth approximately $264,000. 53.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on DCBO. Scotiabank lifted their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target (up previously from $45.00) on shares of Docebo in a report on Thursday, September 12th. Finally, CIBC lifted their price objective on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Docebo Trading Up 6.0 %

Shares of Docebo stock opened at $48.39 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11. The company’s fifty day simple moving average is $44.19 and its 200-day simple moving average is $41.14. The stock has a market capitalization of $1.46 billion, a PE ratio of 89.61 and a beta of 1.55. Docebo Inc. has a 1-year low of $33.81 and a 1-year high of $56.41.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $53.05 million during the quarter, compared to the consensus estimate of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. As a group, equities analysts anticipate that Docebo Inc. will post 0.79 earnings per share for the current year.

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.