Baillie Gifford & Co. Sells 8,909 Shares of Docebo Inc. (NASDAQ:DCBO)

Baillie Gifford & Co. cut its position in shares of Docebo Inc. (NASDAQ:DCBO) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 255,325 shares of the company’s stock after selling 8,909 shares during the quarter. Baillie Gifford & Co.’s holdings in Docebo were worth $11,279,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DCBO. Grandeur Peak Global Advisors LLC lifted its position in shares of Docebo by 3.7% during the 1st quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock worth $833,000 after buying an additional 600 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Docebo by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock valued at $7,581,000 after acquiring an additional 1,058 shares during the last quarter. Swiss National Bank lifted its holdings in Docebo by 5.3% during the first quarter. Swiss National Bank now owns 30,225 shares of the company’s stock worth $1,477,000 after acquiring an additional 1,525 shares during the period. 1832 Asset Management L.P. boosted its position in Docebo by 60.0% in the second quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock worth $309,000 after purchasing an additional 3,000 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in Docebo by 4.4% in the 2nd quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock valued at $4,230,000 after purchasing an additional 4,580 shares during the period. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DCBO has been the topic of a number of recent analyst reports. Craig Hallum lifted their target price on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday. CIBC lifted their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Scotiabank increased their target price 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. Needham & Company LLC raised their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Atb Cap Markets downgraded Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Docebo presently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

Docebo Trading Down 0.2 %

NASDAQ:DCBO opened at $50.04 on Wednesday. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The stock’s fifty day moving average price is $44.95 and its two-hundred day moving average price is $41.34. 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 has a market cap of $1.51 billion, a P/E ratio of 86.95 and a beta of 1.54.

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.