Nicola Wealth Management LTD. Buys Shares of 119,000 Docebo Inc. $DCBO

Key Points

• Nicola Wealth Management LTD. acquired 119,000 shares of Docebo Inc., valued at approximately $3,424,000, representing about 0.40% of the company's stock.
• Other hedge funds have also increased their stakes in Docebo, with Acadian Asset Management LLC leading with a 74.6% increase in its holdings during Q1.
• Analysts have rated Docebo with a consensus of "Moderate Buy" and set an average target price of $44.13 for the stock.

Nicola Wealth Management LTD. acquired a new stake in Docebo Inc. (NASDAQ:DCBO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 119,000 shares of the company's stock, valued at approximately $3,424,000. Nicola Wealth Management LTD. owned 0.40% of Docebo at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Deutsche Bank AG acquired a new position in Docebo in the fourth quarter valued at about $242,000. State of Wyoming acquired a new position in Docebo in the fourth quarter valued at about $275,000. Balyasny Asset Management L.P. acquired a new position in Docebo in the fourth quarter valued at about $355,000. Aigen Investment Management LP acquired a new stake in shares of Docebo during the first quarter worth about $263,000. Finally, 1832 Asset Management L.P. lifted its position in shares of Docebo by 112.6% during the first quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company's stock worth $305,000 after purchasing an additional 5,631 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Stock Performance

Shares of NASDAQ DCBO traded down $0.76 during mid-day trading on Tuesday, hitting $29.86. 57,161 shares of the company were exchanged, compared to its average volume of 88,115. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $30.58 and a 200-day simple moving average of $29.44. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86. The firm has a market cap of $857.94 million, a price-to-earnings ratio of 43.28 and a beta of 1.48.

Analysts Set New Price Targets

Several analysts have recently issued reports on DCBO shares. Cantor Fitzgerald started coverage on shares of Docebo in a research report on Monday, June 9th. They set an "overweight" rating and a $35.00 price target on the stock. Wall Street Zen upgraded shares of Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Zacks Research upgraded shares of Docebo to a "hold" rating in a research note on Friday, August 8th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

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.