FIL Ltd reduced its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 21.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,479 shares of the company's stock after selling 80,092 shares during the quarter. FIL Ltd owned approximately 0.95% of Docebo worth $12,936,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Wellington Management Group LLP lifted its holdings in Docebo by 1,047.0% in the 3rd quarter. Wellington Management Group LLP now owns 599,976 shares of the company's stock valued at $26,518,000 after purchasing an additional 547,666 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings 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 worth $27,372,000 after acquiring an additional 412,403 shares during the period. Artisan Partners Limited Partnership purchased a new stake in shares of Docebo during the 4th quarter valued at $17,163,000. Arrowstreet Capital Limited Partnership raised its position in shares of Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock worth $19,504,000 after buying an additional 134,867 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Docebo by 39.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock worth $14,741,000 after purchasing an additional 92,327 shares during the period. 53.17% of the stock is owned by hedge funds and other institutional investors.
Docebo Price Performance
NASDAQ:DCBO traded down $0.24 during midday trading on Wednesday, hitting $29.16. 41,718 shares of the stock were exchanged, compared to its average volume of 85,154. The business has a 50-day moving average price of $33.17 and a two-hundred day moving average price of $41.51. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $882.79 million, a price-to-earnings ratio of 50.28 and a beta of 1.59. Docebo Inc. has a one year low of $26.00 and a one year high of $53.86.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on DCBO. Atb Cap Markets raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. UBS Group set a $45.00 target price on Docebo in a research report on Tuesday, March 4th. Morgan Stanley dropped their price target on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, Scotiabank cut their target price on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. One research 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.com, the company presently has a consensus rating of "Buy" and an average price target of $51.36.
View Our Latest Research Report on Docebo
Docebo Company Profile
(
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.
Further Reading
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