Claret Asset Management Corp Makes New $957,000 Investment in Docebo Inc. $DCBO

Claret Asset Management Corp purchased a new stake in Docebo Inc. (NASDAQ:DCBO) during the 3rd quarter, HoldingsChannel.com reports. The fund purchased 35,062 shares of the company’s stock, valued at approximately $957,000.

A number of other large investors have also bought and sold shares of the stock. Long Path Partners LP raised its stake in Docebo by 30.5% during the 2nd quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after buying an additional 275,176 shares during the period. Envestnet Asset Management Inc. acquired a new position in Docebo during the 3rd quarter valued at about $823,000. Quadrature Capital Ltd raised its stake in shares of Docebo by 84.6% in the second quarter. Quadrature Capital Ltd now owns 86,200 shares of the company’s stock worth $2,487,000 after purchasing an additional 39,500 shares during the last quarter. Beutel Goodman & Co Ltd. bought a new stake in Docebo during the second quarter worth $7,189,000. Finally, Renaissance Group LLC purchased a new position in Docebo during the 3rd quarter worth $1,071,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Stock Performance

NASDAQ DCBO opened at $18.95 on Tuesday. The firm has a market cap of $545.00 million, a P/E ratio of 14.92 and a beta of 1.44. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $19.38 and its 200-day moving average is $23.54. Docebo Inc. has a 12-month low of $16.07 and a 12-month high of $33.70.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DCBO shares. Needham & Company LLC dropped their price target on Docebo from $38.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Oppenheimer restated an “outperform” rating and set a $25.00 price objective on shares of Docebo in a report on Thursday, January 29th. National Bank Financial dropped their target price on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating on the stock in a research note on Thursday, January 22nd. Canaccord Genuity Group reduced their target price on shares of Docebo from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, March 2nd. Finally, Weiss Ratings downgraded Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.92.

About Docebo

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.