American Century Companies Inc. Acquires 73,149 Shares of Docebo Inc. (NASDAQ:DCBO)

American Century Companies Inc. raised its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 27.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 337,777 shares of the company's stock after purchasing an additional 73,149 shares during the period. American Century Companies Inc. owned 1.12% of Docebo worth $15,147,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of DCBO. Quantbot Technologies LP bought a new stake in Docebo in the 4th quarter valued at about $132,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Docebo by 198.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,974 shares of the company's stock worth $1,073,000 after acquiring an additional 15,931 shares during the period. Magnetar Financial LLC boosted its position in shares of Docebo by 113.8% during the 4th quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock worth $485,000 after acquiring an additional 5,761 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Docebo by 39.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock valued at $14,741,000 after acquiring an additional 92,327 shares during the last quarter. Finally, PCJ Investment Counsel Ltd. raised its position in Docebo by 11.9% during the fourth quarter. PCJ Investment Counsel Ltd. now owns 63,636 shares of the company's stock valued at $2,850,000 after purchasing an additional 6,750 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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Docebo Trading Down 4.2 %

Shares of NASDAQ DCBO traded down $1.22 during midday trading on Friday, reaching $27.72. The stock had a trading volume of 153,339 shares, compared to its average volume of 83,694. Docebo Inc. has a twelve month low of $26.88 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The company's 50 day moving average price is $35.60 and its 200 day moving average price is $42.50. The firm has a market cap of $839.20 million, a price-to-earnings ratio of 47.79 and a beta of 1.59.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Scotiabank decreased their price target on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on shares of Docebo in a research note on Friday, February 28th. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Finally, UBS Group set a $45.00 price objective on shares of Docebo in a report on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $53.18.

About Docebo

Docebo Inc operates as a learning management software company that provides artificial intelligence (AI)-powered learning platform in North America and internationally. 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; Docebo Content that allows off-the-shelf learning content by partnering content specialist; Docebo Learning Impact, a learning measurement tool that enables administrators to prove and improve training programs; Docebo Learn Data, which gives a comprehensive view on learning data to business results; Docebo Connect that connects Docebo to custom tech stack and making integrations; and Docebo Flow that allows businesses to directly inject learning into the flow of work.