TD Asset Management Inc Sells 129,708 Shares of Docebo Inc. $DCBO

Key Points

• TD Asset Management Inc sold 129,708 shares of Docebo Inc, reducing its stake by 86.9% to 19,618 shares, valued at approximately $567,000.
• Institutional investors collectively own 53.17% of Docebo's stock, with several other firms also increasing their holdings in the company during recent quarters.
• Analysis from various equity research firms shows mixed sentiment, with recommendations ranging from a "strong-buy" to a "hold" rating, and an average price target of $40.11.

TD Asset Management Inc lowered its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 86.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,618 shares of the company's stock after selling 129,708 shares during the period. TD Asset Management Inc owned 0.07% of Docebo worth $567,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DCBO. Aigen Investment Management LP bought a new stake in Docebo in the 1st quarter valued at $263,000. 1832 Asset Management L.P. raised its stake in Docebo by 112.6% in the 1st quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company's stock valued at $305,000 after acquiring an additional 5,631 shares during the period. Public Employees Retirement System of Ohio raised its stake in Docebo by 7.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company's stock valued at $331,000 after acquiring an additional 783 shares during the period. Nuveen LLC bought a new stake in Docebo in the 1st quarter valued at $345,000. Finally, Y Intercept Hong Kong Ltd raised its stake in Docebo by 83.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 14,272 shares of the company's stock valued at $410,000 after acquiring an additional 6,489 shares during the period. Institutional investors own 53.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Docebo in a research note on Wednesday, October 8th. TD Cowen restated a "buy" rating and issued a $37.00 price target on shares of Docebo in a research note on Friday, October 3rd. National Bankshares dropped their price target on Docebo from $35.00 to $31.00 and set a "sector perform" rating on the stock in a research note on Thursday. Zacks Research raised Docebo from a "hold" rating to a "strong-buy" rating in a report on Tuesday, October 7th. Finally, Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Docebo currently has an average rating of "Moderate Buy" and an average target price of $40.11.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $27.89 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The stock's fifty day moving average price is $29.20 and its two-hundred day moving average price is $29.02. Docebo Inc. has a one year low of $25.50 and a one year high of $53.86. The firm has a market cap of $801.28 million, a price-to-earnings ratio of 40.42 and a beta of 1.45.

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.

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