Cumberland Partners Ltd Acquires Shares of 47,700 Docebo Inc. (NASDAQ:DCBO)

Cumberland Partners Ltd bought a new position in Docebo Inc. (NASDAQ:DCBO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 47,700 shares of the company’s stock, valued at approximately $2,138,000. Cumberland Partners Ltd owned approximately 0.16% of Docebo as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Plato Investment Management Ltd bought a new stake in shares of Docebo in the third quarter worth about $35,000. Barclays PLC bought a new stake in Docebo in the 3rd quarter worth approximately $142,000. Riverwater Partners LLC purchased a new stake in shares of Docebo during the 3rd quarter worth approximately $200,000. XTX Topco Ltd boosted its position in shares of Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after acquiring an additional 4,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Docebo in the third quarter valued at $921,000. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

Shares of Docebo stock opened at $41.42 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $43.91 and its two-hundred day moving average is $44.77. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. The company has a market capitalization of $1.25 billion, a PE ratio of 71.41 and a beta of 1.55.

Wall Street Analyst Weigh In

DCBO has been the topic of a number of recent research reports. Needham & Company LLC upped their price target on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank upped their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research report on Thursday, October 24th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Craig Hallum upped their price objective on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $57.36.

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.