Docebo (NASDAQ:DCBO – Get Free Report) had its price objective lifted by equities research analysts at National Bank Financial from $22.00 to $24.00 in a report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential upside of 1.60% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Docebo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 21st. ATB Cormark Capital Markets dropped their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price target on shares of Docebo in a report on Friday, July 17th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $28.00 price objective on shares of Docebo in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Docebo currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.23.
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Docebo Stock Up 5.9%
Institutional Investors Weigh In On Docebo
Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Docebo by 16.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 615,587 shares of the company’s stock worth $10,775,000 after purchasing an additional 86,038 shares during the period. CIBC Asset Management Inc grew its holdings in Docebo by 3.8% in the 2nd quarter. CIBC Asset Management Inc now owns 445,517 shares of the company’s stock valued at $12,915,000 after buying an additional 16,432 shares in the last quarter. Wellington Management Group LLP grew its holdings in Docebo by 1.2% in the 4th quarter. Wellington Management Group LLP now owns 437,595 shares of the company’s stock valued at $9,715,000 after buying an additional 5,169 shares in the last quarter. FIL Ltd increased its position in Docebo by 16.1% during the 4th quarter. FIL Ltd now owns 255,518 shares of the company’s stock worth $5,676,000 after buying an additional 35,445 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Docebo by 137.2% during the fourth quarter. Millennium Management LLC now owns 213,444 shares of the company’s stock worth $4,741,000 after buying an additional 123,473 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.
Docebo Company Profile
Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.
Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.
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