Sycomore Asset Management Trims Stake in Docebo Inc. (NASDAQ:DCBO)

Sycomore Asset Management lowered its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 26.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,498 shares of the company’s stock after selling 9,402 shares during the quarter. Sycomore Asset Management owned about 0.08% of Docebo worth $1,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of DCBO. American Century Companies Inc. boosted its stake in Docebo by 157.5% during the third quarter. American Century Companies Inc. now owns 252,247 shares of the company’s stock worth $10,229,000 after acquiring an additional 154,281 shares in the last quarter. EAM Investors LLC bought a new stake in Docebo during the third quarter worth about $1,076,000. Graham Capital Management L.P. bought a new stake in Docebo during the third quarter worth about $535,000. Mackenzie Financial Corp lifted its stake in shares of Docebo by 235.6% in the fourth quarter. Mackenzie Financial Corp now owns 247,916 shares of the company’s stock worth $11,978,000 after buying an additional 174,037 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in shares of Docebo by 73.3% in the third quarter. Fiera Capital Corp now owns 137,885 shares of the company’s stock worth $5,607,000 after buying an additional 58,319 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DCBO has been the topic of several analyst reports. Stifel Nicolaus upped their target price on shares of Docebo from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. The Goldman Sachs Group upped their target price on shares of Docebo from $44.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 26th. Scotiabank upped their target price on shares of Docebo from $60.00 to $65.00 and gave the stock a “sector outperform” rating in a research note on Monday, February 26th. Eight Capital dropped their target price on shares of Docebo from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Monday, February 26th. Finally, Canaccord Genuity Group boosted their price objective on shares of Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $61.40.

Docebo Stock Performance

DCBO stock traded down $0.48 during midday trading on Wednesday, reaching $44.55. 51,521 shares of the company’s stock traded hands, compared to its average volume of 91,303. Docebo Inc. has a 52-week low of $29.40 and a 52-week high of $56.41. The stock has a market cap of $1.35 billion, a P/E ratio of 495.06 and a beta of 1.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $49.04 and its 200 day moving average is $46.55.

Docebo (NASDAQ:DCBO) last announced its earnings results on Friday, February 23rd. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.12. Docebo had a net margin of 1.57% and a return on equity of 12.45%. The business had revenue of $49.28 million during the quarter, compared to analysts’ expectations of $48.46 million. As a group, analysts anticipate that Docebo Inc. will post 0.81 EPS for the current year.

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.