Trexquant Investment LP Has $424,000 Stock Position in Docebo Inc. (NASDAQ:DCBO)

Trexquant Investment LP cut its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 48.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,463 shares of the company's stock after selling 8,768 shares during the period. Trexquant Investment LP's holdings in Docebo were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of DCBO. XTX Topco Ltd raised its position in shares of Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company's stock valued at $495,000 after acquiring an additional 4,350 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Docebo in the third quarter valued at about $921,000. Barclays PLC bought a new position in Docebo during the third quarter worth about $142,000. Geode Capital Management LLC raised its position in shares of Docebo by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 40,543 shares of the company's stock valued at $1,791,000 after acquiring an additional 911 shares during the period. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Docebo by 24.7% in the fourth quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company's stock worth $4,933,000 after acquiring an additional 21,806 shares in the last quarter. Institutional investors own 53.17% of the company's stock.

Docebo Stock Performance

Shares of Docebo stock traded up $0.02 during trading on Friday, hitting $29.18. 59,096 shares of the stock were exchanged, compared to its average volume of 85,054. Docebo Inc. has a 1-year low of $26.00 and a 1-year high of $53.86. The stock has a market capitalization of $883.40 million, a price-to-earnings ratio of 50.31 and a beta of 1.59. The company has a fifty day moving average price of $32.65 and a 200-day moving average price of $41.32. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DCBO. Morgan Stanley cut their price target on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday. Atb Cap Markets raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. Needham & Company LLC reiterated a "buy" rating and set a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. Scotiabank cut their price target on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. Finally, UBS Group set a $45.00 price objective on Docebo in a report on Tuesday, March 4th. One equities 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 company's stock. Based on data from MarketBeat, Docebo currently has an average rating of "Buy" and an average price target of $51.36.

Docebo 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.