Artisan Partners Limited Partnership acquired a new position in Docebo Inc. (NASDAQ:DCBO - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 383,218 shares of the company's stock, valued at approximately $17,163,000. Artisan Partners Limited Partnership owned 1.27% of Docebo as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Warburg Pincus LLC lifted its holdings in shares of Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock valued at $156,760,000 after purchasing an additional 190,434 shares in the last quarter. Hillsdale Investment Management Inc. lifted its stake in Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after acquiring an additional 412,403 shares in the last quarter. Wellington Management Group LLP boosted its position in Docebo by 1,047.0% during the 3rd 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 during the period. American Century Companies Inc. grew its stake in Docebo by 27.6% during the 4th quarter. American Century Companies Inc. now owns 337,777 shares of the company's stock valued at $15,147,000 after acquiring an additional 73,149 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Docebo by 39.0% during the 4th 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 in the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. Scotiabank lowered their price target on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on shares of Docebo in a research note on Friday, February 28th. Finally, UBS Group set a $45.00 price objective on Docebo in a research report on Tuesday, March 4th. One investment 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $53.18.
Check Out Our Latest Stock Report on DCBO
Docebo Stock Performance
Shares of Docebo stock traded down $0.58 during trading on Monday, reaching $28.71. The company's stock had a trading volume of 143,577 shares, compared to its average volume of 83,427. Docebo Inc. has a one year low of $27.61 and a one year 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 firm has a market cap of $869.17 million, a price-to-earnings ratio of 49.50 and a beta of 1.60. The business's fifty day moving average price is $36.96 and its 200-day moving average price is $42.97.
About Docebo
(
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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