Long Path Partners LP Has $33.13 Million Stock Position in Docebo Inc. (NASDAQ:DCBO)

Long Path Partners LP grew its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 740,055 shares of the company's stock after acquiring an additional 8,756 shares during the period. Docebo comprises approximately 10.7% of Long Path Partners LP's portfolio, making the stock its 3rd largest position. Long Path Partners LP owned 2.44% of Docebo worth $33,132,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Warburg Pincus LLC lifted its stake in Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company's stock worth $156,760,000 after acquiring an additional 190,434 shares during the last quarter. Hillsdale Investment Management Inc. grew its stake in shares of Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after purchasing an additional 412,403 shares in the last quarter. Wellington Management Group LLP increased its holdings in Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock valued at $26,518,000 after buying an additional 547,666 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Docebo by 44.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock valued at $19,504,000 after buying an additional 134,867 shares in the last quarter. Finally, Artisan Partners Limited Partnership purchased a new stake in Docebo during the 4th quarter worth about $17,163,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

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Docebo Stock Performance

Shares of DCBO stock traded up $0.78 during trading hours on Tuesday, reaching $27.93. 39,299 shares of the company's stock were exchanged, compared to its average volume of 83,828. Docebo Inc. has a 1 year low of $26.00 and a 1 year high of $53.86. 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 company's 50 day moving average is $35.29 and its two-hundred day moving average is $42.36. The company has a market cap of $845.40 million, a P/E ratio of 48.24 and a beta of 1.59.

Analyst Ratings Changes

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

Docebo Company Profile

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.