Hillsdale Investment Management Inc. Takes $883,000 Position in Docebo Inc. $DCBO

Hillsdale Investment Management Inc. acquired a new stake in Docebo Inc. (NASDAQ:DCBO) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 39,659 shares of the company’s stock, valued at approximately $883,000. Hillsdale Investment Management Inc. owned approximately 0.14% of Docebo as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 worth $172,000 after acquiring an additional 1,805 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Docebo by 46.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after purchasing an additional 2,248 shares in the last quarter. Centiva Capital LP bought a new stake in Docebo during the 3rd quarter valued at $204,000. Boothbay Fund Management LLC bought a new stake in Docebo during the 3rd quarter valued at $291,000. Finally, Versor Investments LP bought a new stake in Docebo during the 4th quarter valued at $240,000. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $19.75 on Tuesday. The company’s 50-day moving average is $17.76 and its 200 day moving average is $19.39. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $501.65 million, a P/E ratio of 17.03 and a beta of 1.28. Docebo Inc. has a fifty-two week low of $14.39 and a fifty-two week high of $33.42.

Analyst Ratings Changes

A number of analysts have commented on DCBO shares. Canaccord Genuity Group decreased their price target on shares of Docebo from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Stifel Nicolaus decreased their price target on shares of Docebo from $34.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, March 2nd. UBS Group restated a “buy” rating on shares of Docebo in a research note on Monday, March 2nd. Finally, Scotiabank decreased their price target on shares of Docebo from $32.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.67.

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.