Fiera Capital Corp Sells 77,519 Shares of Docebo Inc. (NASDAQ:DCBO)

Fiera Capital Corp reduced its position in shares of Docebo Inc. (NASDAQ:DCBO) by 55.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 62,280 shares of the company’s stock after selling 77,519 shares during the quarter. Fiera Capital Corp’s holdings in Docebo were worth $2,752,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Riverwater Partners LLC purchased a new position in Docebo during the 3rd quarter valued at $200,000. Point72 Asset Management L.P. purchased a new position in Docebo during the 2nd quarter valued at $189,000. Pathway Financial Advisors LLC purchased a new position in Docebo during the 3rd quarter valued at $221,000. XTX Topco Ltd purchased a new position in Docebo during the 2nd quarter valued at $264,000. Finally, Aristides Capital LLC purchased a new position in Docebo during the 2nd quarter valued at $277,000. 53.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports 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. CIBC boosted their price objective 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. Finally, Needham & Company LLC upped their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average target price of $56.83.

Docebo Stock Performance

Shares of Docebo stock opened at $51.45 on Friday. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 95.28 and a beta of 1.54. The firm’s 50-day moving average is $44.81 and its 200 day moving average is $41.32. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.11 and a quick ratio of 1.11.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm 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%. Sell-side analysts anticipate that Docebo Inc. will post 0.79 EPS for the current fiscal year.

About Docebo

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.