Docebo Inc. (NASDAQ:DCBO) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 60.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,023 shares of the company's stock after buying an additional 15,873 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of Docebo worth $1,881,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Quantbot Technologies LP acquired a new stake in shares of Docebo during the fourth quarter worth about $132,000. Barclays PLC acquired a new position in Docebo during the third quarter worth approximately $142,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Docebo in the fourth quarter worth $348,000. Magnetar Financial LLC raised its holdings in Docebo by 113.8% in the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock valued at $485,000 after acquiring an additional 5,761 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Docebo by 198.1% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,974 shares of the company's stock valued at $1,073,000 after acquiring an additional 15,931 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Trading Up 0.6 %

Docebo stock traded up $0.18 during trading on Tuesday, hitting $31.72. The company had a trading volume of 34,260 shares, compared to its average volume of 85,190. The stock has a market cap of $951.59 million, a price-to-earnings ratio of 54.66 and a beta of 1.59. The company's 50 day simple moving average is $31.02 and its 200-day simple moving average is $40.66. Docebo Inc. has a 1-year low of $26.00 and a 1-year high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DCBO. Morgan Stanley dropped their target price on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. National Bankshares reduced their price objective on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday. UBS Group set a $45.00 price objective on Docebo in a research report on Tuesday, March 4th. 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 report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $50.45.

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.