Cumberland Partners Ltd Purchases 15,900 Shares of Docebo Inc. (NASDAQ:DCBO)

Key Points

• Cumberland Partners Ltd increased its stake in Docebo Inc. by 33.3% in Q1, owning approximately 63,600 shares valued at about $1.83 million.
• Shares of Docebo saw a decrease of 1.0%, with a current price of $29.99, and the stock has a market cap of $863.71 million.
• Wall Street analysts have varied price targets for Docebo, with the consensus rating being "Moderate Buy" and an average price target of $44.13.

Cumberland Partners Ltd raised its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 33.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,600 shares of the company's stock after acquiring an additional 15,900 shares during the period. Cumberland Partners Ltd owned approximately 0.21% of Docebo worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Tower Research Capital LLC TRC boosted its position in shares of Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after buying an additional 949 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Docebo during the fourth quarter valued at $242,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Docebo during the fourth quarter valued at $255,000. State of Wyoming purchased a new position in Docebo in the fourth quarter worth about $275,000. Finally, Aquatic Capital Management LLC purchased a new position in Docebo in the fourth quarter worth about $327,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Price Performance

Shares of Docebo stock traded down $0.27 on Wednesday, reaching $30.49. The company had a trading volume of 29,611 shares, compared to its average volume of 86,035. The firm has a market cap of $878.08 million, a price-to-earnings ratio of 41.20 and a beta of 1.48. The firm's 50-day moving average price is $28.60 and its two-hundred day moving average price is $31.61. Docebo Inc. has a 1 year low of $25.50 and a 1 year high of $53.86.

Analyst Ratings Changes

Several brokerages have issued reports on DCBO. Scotiabank dropped their target price on Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Wall Street Zen downgraded Docebo from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Atb Cap Markets downgraded Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, National Bankshares decreased their target price on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Docebo 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.