53,989 Docebo Inc. $DCBO Shares Sold by Louisbourg Investments Inc.

Louisbourg Investments Inc. decreased its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 33.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 106,048 shares of the company's stock after selling 53,989 shares during the quarter. Louisbourg Investments Inc. owned 0.42% of Docebo worth $2,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Docebo in the 2nd quarter valued at approximately $52,000. NewEdge Advisors LLC increased its position in Docebo by 1,101.5% during the 1st quarter. NewEdge Advisors LLC now owns 3,977 shares of the company's stock worth $69,000 after purchasing an additional 3,646 shares in the last quarter. State of Wyoming acquired a new position in Docebo during the 2nd quarter worth approximately $137,000. DGS Capital Management LLC acquired a new position in Docebo during the 1st quarter worth approximately $178,000. Finally, K2 Principal Fund L.P. bought a new position in Docebo in the 2nd quarter valued at approximately $303,000. Institutional investors own 53.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DCBO. National Bank Financial raised their target price on shares of Docebo from $22.00 to $24.00 and gave the company a "sector perform" rating in a research report on Monday, August 10th. ATB Cormark Capital Markets lowered their price target on shares of Docebo from $36.00 to $35.00 and set an "outperform" rating for the company in a report on Monday, July 20th. Zacks Research upgraded Docebo from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 19th. Wall Street Zen downgraded Docebo from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Needham & Company LLC reissued a "buy" rating and set a $31.00 price objective on shares of Docebo in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, Docebo presently has an average rating of "Moderate Buy" and a consensus target price of $30.18.

Docebo Price Performance

Shares of NASDAQ DCBO opened at $30.21 on Wednesday. The company has a 50 day simple moving average of $24.46 and a 200 day simple moving average of $20.51. The firm has a market cap of $756.76 million, a PE ratio of 26.50 and a beta of 1.22. Docebo Inc. has a 1 year low of $14.39 and a 1 year high of $30.44.

Docebo (NASDAQ:DCBO - Get Free Report) last issued its quarterly earnings results on Friday, August 7th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.08. Docebo had a net margin of 12.98% and a return on equity of 120.29%. The company had revenue of $63.80 million for the quarter, compared to analyst estimates of $67.14 million. As a group, research analysts anticipate that Docebo Inc. will post 1.44 earnings per share for the current fiscal year.

Docebo Company Profile

Docebo Inc develops cloud-based learning management software for businesses and other organizations. Its platform is designed to help companies create, manage and deliver employee, customer, partner and member education through online learning programs.

The Docebo Learning Platform includes tools for course administration, content creation and management, assessments, reporting, automation and artificial intelligence. It also supports extended-enterprise learning, enabling organizations to provide training to audiences outside their workforce.

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