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

Sei Investments Co. increased its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 211.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,034 shares of the company’s stock after purchasing an additional 38,058 shares during the quarter. Sei Investments Co. owned 0.22% of Docebo worth $979,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. bought a new position in Docebo in the fourth quarter valued at approximately $27,000. State of Wyoming bought a new stake in shares of Docebo during the fourth quarter worth $72,000. Deutsche Bank AG increased its position in shares of Docebo by 33.2% during the fourth quarter. Deutsche Bank AG now owns 3,533 shares of the company’s stock worth $78,000 after acquiring an additional 881 shares in the last quarter. DGS Capital Management LLC acquired a new stake in shares of Docebo during the first quarter worth $178,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Docebo by 46.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,063 shares of the company’s stock valued at $193,000 after acquiring an additional 2,248 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Docebo Price Performance

Shares of DCBO opened at $22.11 on Thursday. The company has a market cap of $550.32 million, a price-to-earnings 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’s fifty day simple moving average is $18.98 and its 200 day simple moving average is $18.47. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03.

Analyst Ratings Changes

Several research firms have issued reports on DCBO. Weiss Ratings raised Docebo from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $31.00 price objective on shares of Docebo in a report on Friday, July 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $28.00 target price on shares of Docebo in a research report on Wednesday, April 22nd. National Bank Financial boosted their target price on Docebo from $22.00 to $24.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, ATB Cormark Capital Markets decreased their price target on shares of Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.23.

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.