Docebo Inc. (NASDAQ:DCBO) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC decreased its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,659 shares of the company's stock after selling 10,517 shares during the period. Essex Investment Management Co. LLC owned approximately 0.23% of Docebo worth $3,163,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in shares of Docebo during the 3rd quarter worth about $35,000. Barclays PLC bought a new stake in Docebo in the third quarter worth about $142,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Docebo during the fourth quarter valued at approximately $348,000. XTX Topco Ltd grew its stake in shares of Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company's stock valued at $495,000 after buying an additional 4,350 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Docebo in the third quarter worth approximately $921,000. Institutional investors own 53.17% of the company's stock.

Docebo Stock Down 2.4 %

NASDAQ:DCBO traded down $0.70 during mid-day trading on Thursday, hitting $28.91. 72,010 shares of the company's stock traded hands, compared to its average volume of 83,624. The company has a fifty day moving average of $40.09 and a 200 day moving average of $44.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo Inc. has a twelve month low of $27.61 and a twelve month high of $53.86. The company has a market capitalization of $875.39 million, a P/E ratio of 49.84 and a beta of 1.60.

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Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group set a $45.00 price objective on Docebo in a report on Tuesday, March 4th. Scotiabank decreased their target price on Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a research report on Tuesday, March 4th. Morgan Stanley set a $43.00 price target on shares of Docebo in a report on Friday, February 28th. Finally, Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a report on Friday, February 28th. 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 stock. According to data from MarketBeat, the company presently has a consensus 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.