Turtle Creek Asset Management Inc. Purchases New Position in Docebo Inc. (NASDAQ:DCBO)

Turtle Creek Asset Management Inc. bought a new position in Docebo Inc. (NASDAQ:DCBO) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 900 shares of the company’s stock, valued at approximately $37,000.

A number of other large investors have also modified their holdings of DCBO. Bank of America Corp DE grew its holdings in Docebo by 1,037.9% during the 1st quarter. Bank of America Corp DE now owns 53,321 shares of the company’s stock valued at $2,172,000 after purchasing an additional 48,635 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of Docebo by 18.2% during the first quarter. CIBC Asset Management Inc now owns 244,163 shares of the company’s stock worth $9,930,000 after acquiring an additional 37,619 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Docebo by 1,254.2% in the first quarter. Acadian Asset Management LLC now owns 124,582 shares of the company’s stock worth $5,043,000 after acquiring an additional 115,382 shares in the last quarter. American Century Companies Inc. purchased a new position in Docebo in the first quarter valued at about $3,481,000. Finally, Citigroup Inc. grew its stake in Docebo by 18.6% during the 1st quarter. Citigroup Inc. now owns 3,494 shares of the company’s stock valued at $142,000 after purchasing an additional 549 shares in the last quarter. Institutional investors and hedge funds own 45.96% of the company’s stock.

Docebo Stock Down 2.3 %

NASDAQ DCBO traded down $0.94 on Friday, hitting $40.37. 43,878 shares of the stock traded hands, compared to its average volume of 54,202. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $39.53 and a 200 day moving average of $37.55. Docebo Inc. has a twelve month low of $23.40 and a twelve month high of $46.51. The company has a market capitalization of $1.30 billion, a P/E ratio of 183.50 and a beta of 1.60.

Docebo (NASDAQ:DCBO) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. The business had revenue of $43.59 million for the quarter, compared to analyst estimates of $43.03 million. Docebo had a return on equity of 6.28% and a net margin of 4.63%. As a group, analysts expect that Docebo Inc. will post 0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. The Goldman Sachs Group started coverage on Docebo in a research report on Monday, May 22nd. They issued a “neutral” rating and a $37.00 target price on the stock. Morgan Stanley raised shares of Docebo from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $49.00 in a report on Thursday, August 17th.

Docebo Profile

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America, Europe, and the Asia-Pacific region. It offers Learning Management System (LMS) to train internal and external workforces, partners, and customers. The company's cloud platform consists of a learning suite, which includes Docebo Learn LMS, a cloud-based learning platform that allows learning administrators to deliver personalized learning; Docebo Shape, an AI-based learning content creation tool, which enables learning administrators to turn internal and external resources into engaging, multilingual, and microlearning content to share across the business; and Docebo Content that provides off-the-shelf learning content by partnering content specialist.