Long Path Partners LP Has $27.75 Million Holdings in Docebo Inc. $DCBO

Long Path Partners LP reduced its stake in Docebo Inc. (NASDAQ:DCBO) by 13.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,015,188 shares of the company’s stock after selling 161,562 shares during the period. Docebo accounts for 10.0% of Long Path Partners LP’s holdings, making the stock its 5th largest holding. Long Path Partners LP’s holdings in Docebo were worth $27,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Topline Capital Management LLC lifted its stake in shares of Docebo by 484.9% during the 3rd quarter. Topline Capital Management LLC now owns 323,219 shares of the company’s stock worth $8,834,000 after buying an additional 267,962 shares during the last quarter. Envestnet Asset Management Inc. acquired a new position in Docebo in the 3rd quarter valued at about $823,000. Quadrature Capital Ltd raised its holdings in Docebo by 84.6% in the 2nd quarter. Quadrature Capital Ltd now owns 86,200 shares of the company’s stock valued at $2,487,000 after acquiring an additional 39,500 shares during the period. Beutel Goodman & Co Ltd. bought a new position in Docebo in the 2nd quarter valued at about $7,189,000. Finally, Essex Investment Management Co. LLC lifted its position in Docebo by 48.3% during the third quarter. Essex Investment Management Co. LLC now owns 103,346 shares of the company’s stock worth $2,824,000 after acquiring an additional 33,651 shares during the last quarter. 53.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DCBO has been the subject of a number of research analyst reports. National Bank Financial reduced their price objective on Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, January 22nd. Canaccord Genuity Group dropped their price target on Docebo from $40.00 to $36.00 and set a “buy” rating for the company in a report on Monday, March 2nd. TD Securities upgraded Docebo to a “strong-buy” rating in a research note on Thursday, January 15th. Craig Hallum reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Docebo in a report on Monday, March 2nd. Finally, Wall Street Zen upgraded Docebo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Two equities research 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.92.

Docebo Stock Performance

Shares of NASDAQ:DCBO opened at $19.86 on Tuesday. Docebo Inc. has a 12-month low of $16.07 and a 12-month high of $33.70. The company’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $23.15. The firm has a market cap of $571.17 million, a PE ratio of 15.64 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.

Docebo Profile

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.