Fiera Capital Corp Sells 28,717 Shares of Docebo Inc. (NASDAQ:DCBO)

Fiera Capital Corp lessened its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 68.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,998 shares of the company's stock after selling 28,717 shares during the period. Fiera Capital Corp's holdings in Docebo were worth $374,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Docebo by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company's stock worth $1,832,000 after buying an additional 360 shares in the last quarter. Grandeur Peak Global Advisors LLC increased its stake in shares of Docebo by 3.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company's stock valued at $517,000 after purchasing an additional 400 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 949 shares during the last quarter. Advisory Services Network LLC grew its holdings in Docebo by 10.5% during the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company's stock valued at $720,000 after purchasing an additional 1,526 shares during the period. Finally, Jump Financial LLC increased its holdings in Docebo by 33.3% in the 4th quarter. Jump Financial LLC now owns 8,320 shares of the company's stock valued at $372,000 after acquiring an additional 2,080 shares during the last quarter. Institutional investors own 53.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley downgraded shares of Docebo from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $32.00 in a research report on Monday, May 12th. Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. Cantor Fitzgerald initiated coverage on Docebo in a report on Monday, June 9th. They issued an "overweight" rating and a $35.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. Finally, National Bankshares cut their price target on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $44.13.

Docebo Trading Up 0.6%

Shares of DCBO traded up $0.19 during mid-day trading on Monday, reaching $30.18. The company's stock had a trading volume of 10,134 shares, compared to its average volume of 86,190. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86. The business has a 50-day simple moving average of $28.44 and a two-hundred day simple moving average of $31.70. The stock has a market cap of $869.18 million, a P/E ratio of 40.78 and a beta of 1.48.

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.