Envestnet Asset Management Inc. Acquires Shares of 30,107 Docebo Inc. $DCBO

Envestnet Asset Management Inc. bought a new position in shares of Docebo Inc. (NASDAQ:DCBO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 30,107 shares of the company’s stock, valued at approximately $823,000. Envestnet Asset Management Inc. owned approximately 0.10% of Docebo at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DCBO. Employees Retirement System of Texas bought a new position in Docebo in the 2nd quarter valued at $44,000. TD Waterhouse Canada Inc. boosted its holdings in Docebo by 39.5% in the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock valued at $172,000 after acquiring an additional 1,805 shares during the last quarter. JPMorgan Chase & Co. increased its position in Docebo by 29.1% in the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after purchasing an additional 2,546 shares during the period. Balyasny Asset Management L.P. raised its holdings in Docebo by 55.8% during the 2nd quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company’s stock worth $406,000 after purchasing an additional 5,029 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Docebo by 10.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company’s stock valued at $769,000 after purchasing an additional 2,607 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Stock Up 1.5%

NASDAQ:DCBO opened at $18.59 on Thursday. Docebo Inc. has a 1 year low of $16.07 and a 1 year high of $33.70. The stock has a 50-day moving average price of $19.57 and a two-hundred day moving average price of $23.83. The stock has a market cap of $534.65 million, a price-to-earnings ratio of 14.64 and a beta of 1.44. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.03.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DCBO shares. UBS Group restated a “buy” rating on shares of Docebo in a report on Monday. Canaccord Genuity Group cut their price target on Docebo from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday. TD Securities upgraded Docebo to a “strong-buy” rating in a research report on Thursday, January 15th. Craig Hallum reiterated a “buy” rating and issued a $38.00 price objective on shares of Docebo in a report on Monday. Finally, Morgan Stanley reduced their target price on Docebo from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently 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.