Sei Investments Co. Has $979,000 Holdings in Docebo Inc. $DCBO

Sei Investments Co. raised its holdings in Docebo Inc. (NASDAQ:DCBO) by 211.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,034 shares of the company’s stock after buying an additional 38,058 shares during the period. Sei Investments Co.’s holdings in Docebo were worth $979,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in shares of Docebo by 33.2% during the 4th quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in Docebo in the 4th quarter valued at $27,000. National Bank of Canada FI raised its stake in Docebo by 7.9% in the 3rd quarter. National Bank of Canada FI now owns 24,937 shares of the company’s stock valued at $675,000 after acquiring an additional 1,831 shares during the period. Verition Fund Management LLC lifted its holdings in Docebo by 13.7% during the 4th quarter. Verition Fund Management LLC now owns 16,039 shares of the company’s stock valued at $356,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Docebo by 0.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 554,383 shares of the company’s stock valued at $15,132,000 after purchasing an additional 2,112 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Needham & Company LLC restated a “buy” rating and set a $31.00 target price on shares of Docebo in a research note on Friday, July 17th. ATB Cormark Capital Markets reduced their target price on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a report on Monday, July 20th. National Bank Financial lifted their target price on shares of Docebo from $22.00 to $24.00 and gave the stock a “sector perform” rating in a report on Monday. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $28.00 price target on shares of Docebo in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $31.23.

Docebo Stock Performance

NASDAQ:DCBO opened at $22.11 on Thursday. The stock has a 50 day simple moving average of $18.98 and a 200 day simple moving average of $18.47. The stock has a market cap of $550.32 million, a P/E ratio of 19.39 and a beta of 1.24. Docebo Inc. has a 1-year low of $14.39 and a 1-year high of $32.35. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03.

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.