Plato Investment Management Ltd Takes Position in Docebo Inc. (NASDAQ:DCBO)

Plato Investment Management Ltd bought a new position in shares of Docebo Inc. (NASDAQ:DCBO) in the third quarter, HoldingsChannel reports. The firm bought 789 shares of the company’s stock, valued at approximately $35,000.

Several other large investors also recently modified their holdings of the business. Riverwater Partners LLC purchased a new stake in Docebo in the 3rd quarter worth approximately $200,000. Point72 Asset Management L.P. purchased a new stake in Docebo in the second quarter worth $189,000. Pathway Financial Advisors LLC bought a new stake in Docebo in the third quarter valued at $221,000. XTX Topco Ltd purchased a new position in Docebo during the 2nd quarter valued at $264,000. Finally, Aristides Capital LLC bought a new position in Docebo in the 2nd quarter worth $277,000. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DCBO. Needham & Company LLC increased their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Scotiabank boosted their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a report on Thursday, October 24th. Craig Hallum increased their price target on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, CIBC lifted their price target on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.36.

Docebo Price Performance

Shares of DCBO opened at $46.83 on Friday. Docebo Inc. has a twelve month low of $33.81 and a twelve month high of $56.41. The company has a market capitalization of $1.42 billion, a P/E ratio of 80.74 and a beta of 1.54. The firm has a 50 day moving average of $45.47 and a 200 day moving average of $41.48. The company has a quick ratio of 1.11, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.