Russell Investments Group Ltd. Increases Stock Position in Docebo Inc. (NASDAQ:DCBO)

Russell Investments Group Ltd. boosted its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 102.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,689 shares of the company's stock after acquiring an additional 14,496 shares during the period. Russell Investments Group Ltd. owned 0.09% of Docebo worth $1,285,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in shares of Docebo in the 4th quarter valued at $132,000. Barclays PLC purchased a new stake in Docebo in the 3rd quarter valued at about $142,000. Dynamic Technology Lab Private Ltd purchased a new stake in Docebo in the 4th quarter valued at about $255,000. Y Intercept Hong Kong Ltd acquired a new position in Docebo in the fourth quarter valued at about $348,000. Finally, Magnetar Financial LLC boosted its stake in Docebo by 113.8% during the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock worth $485,000 after buying an additional 5,761 shares during the period. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Atb Cap Markets raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Scotiabank decreased their price target on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. UBS Group set a $45.00 price objective on Docebo in a research note on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and set a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. Finally, Morgan Stanley dropped their target price on Docebo from $43.00 to $41.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. One analyst has rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $51.36.

Docebo Stock Up 0.6 %

Shares of DCBO stock traded up $0.20 during trading hours on Friday, reaching $32.19. 8,140 shares of the stock were exchanged, compared to its average volume of 85,129. The business's fifty day moving average is $31.42 and its two-hundred day moving average is $40.87. The firm has a market capitalization of $974.55 million, a P/E ratio of 55.50 and a beta of 1.59. Docebo Inc. has a 12-month low of $26.00 and a 12-month 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.

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.