Topline Capital Management LLC Grows Position in Docebo Inc. $DCBO

Topline Capital Management LLC boosted its position in Docebo Inc. (NASDAQ:DCBO) by 484.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,219 shares of the company’s stock after acquiring an additional 267,962 shares during the quarter. Docebo accounts for about 1.5% of Topline Capital Management LLC’s holdings, making the stock its 16th biggest holding. Topline Capital Management LLC owned 1.12% of Docebo worth $8,834,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of Docebo by 0.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 552,271 shares of the company’s stock valued at $16,006,000 after purchasing an additional 1,381 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Docebo during the 2nd quarter worth $44,000. TD Waterhouse Canada Inc. grew its stake in shares of Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after purchasing an additional 1,805 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Docebo by 29.1% during 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 in the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Docebo by 10.9% in the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company’s stock valued at $769,000 after buying an additional 2,607 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCBO. Scotiabank decreased their price target on Docebo from $32.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Oppenheimer reiterated an “outperform” rating and issued a $25.00 price objective on shares of Docebo in a report on Thursday, January 29th. Craig Hallum reissued a “buy” rating and set a $38.00 target price on shares of Docebo in a research report on Monday, March 2nd. Weiss Ratings cut Docebo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, December 31st. Finally, Wall Street Zen raised Docebo from a “buy” rating to a “strong-buy” rating in a report on Sunday, March 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $30.92.

Docebo Price Performance

Shares of DCBO opened at $19.01 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.22 and a quick ratio of 1.22. Docebo Inc. has a 1-year low of $16.07 and a 1-year high of $33.70. The stock has a market cap of $546.73 million, a PE ratio of 14.97 and a beta of 1.44. The firm has a fifty day moving average price of $19.20 and a 200 day moving average price of $23.33.

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.