Arrowstreet Capital Limited Partnership increased its position in Docebo Inc. (NASDAQ:DCBO - Free Report) by 44.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 435,548 shares of the company's stock after purchasing an additional 134,867 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.44% of Docebo worth $19,504,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Warburg Pincus LLC boosted its holdings in Docebo by 5.7% in the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock worth $156,760,000 after buying an additional 190,434 shares during the period. Hillsdale Investment Management Inc. increased its position in shares of Docebo by 207.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock valued at $27,372,000 after purchasing an additional 412,403 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock worth $26,518,000 after acquiring an additional 547,666 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Docebo in the fourth quarter worth $17,163,000. Finally, American Century Companies Inc. boosted its stake in shares of Docebo by 27.6% during the fourth quarter. American Century Companies Inc. now owns 337,777 shares of the company's stock valued at $15,147,000 after purchasing an additional 73,149 shares during the period. Institutional investors and hedge funds own 53.17% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on DCBO. Morgan Stanley set a $43.00 price objective on Docebo in a research report on Friday, February 28th. UBS Group set a $45.00 price objective on Docebo in a report on Tuesday, March 4th. Scotiabank cut their price objective on Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a report on Tuesday, March 4th. Finally, Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $53.18.
Check Out Our Latest Report on Docebo
Docebo Price Performance
DCBO traded down $0.12 on Tuesday, reaching $27.03. 158,158 shares of the company's stock were exchanged, compared to its average volume of 84,441. Docebo Inc. has a twelve month low of $26.00 and a twelve month high of $53.86. The stock has a market cap of $818.31 million, a PE ratio of 46.60 and a beta of 1.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The stock's fifty day moving average price is $34.64 and its 200-day moving average price is $42.12.
Docebo Profile
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Free Report)
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.
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