TFJ Management LLC Buys New Shares in Docebo Inc. (NASDAQ:DCBO)

TFJ Management LLC purchased a new position in Docebo Inc. (NASDAQ:DCBO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 271,113 shares of the company's stock, valued at approximately $12,138,000. Docebo accounts for about 10.9% of TFJ Management LLC's investment portfolio, making the stock its 4th largest position. TFJ Management LLC owned 0.90% of Docebo at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in Docebo during the 4th quarter valued at approximately $132,000. Barclays PLC bought a new position in Docebo in the 3rd quarter worth about $142,000. Dynamic Technology Lab Private Ltd purchased a new stake in Docebo during the 4th quarter valued at about $255,000. Y Intercept Hong Kong Ltd bought a new stake in Docebo during the 4th quarter valued at about $348,000. Finally, Jump Financial LLC raised its holdings in Docebo by 33.3% in the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company's stock worth $372,000 after buying an additional 2,080 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

Docebo Stock Performance

Shares of NASDAQ:DCBO traded up $1.80 during trading on Thursday, hitting $31.99. The company's stock had a trading volume of 64,948 shares, compared to its average volume of 85,291. 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 firm has a market cap of $968.47 million, a price-to-earnings ratio of 55.16 and a beta of 1.59. The company has a 50-day moving average of $31.62 and a 200-day moving average of $40.94. Docebo Inc. has a 12 month low of $26.00 and a 12 month high of $53.86.

Wall Street Analyst Weigh In

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

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.