Wellington Management Group LLP Grows Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Wellington Management Group LLP increased its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 1,047.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 599,976 shares of the company's stock after purchasing an additional 547,666 shares during the period. Wellington Management Group LLP owned 1.98% of Docebo worth $26,518,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DCBO. Stanley Laman Group Ltd. bought a new stake in Docebo during the second quarter valued at $843,000. Baillie Gifford & Co. raised its stake in Docebo by 18.9% in the second quarter. Baillie Gifford & Co. now owns 264,234 shares of the company's stock valued at $10,202,000 after purchasing an additional 41,965 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Docebo by 36.9% during the second quarter. CIBC Asset Management Inc now owns 446,544 shares of the company's stock worth $17,233,000 after purchasing an additional 120,396 shares during the last quarter. Versor Investments LP bought a new stake in Docebo in the 2nd quarter worth approximately $317,000. Finally, TD Asset Management Inc boosted its stake in Docebo by 4.4% in the second quarter. TD Asset Management Inc now owns 109,570 shares of the company's stock worth $4,230,000 after buying an additional 4,580 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DCBO shares. Scotiabank boosted their price objective on shares of Docebo from $50.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 8th. Craig Hallum boosted their target price on Docebo from $58.00 to $62.00 and gave the company a "buy" rating in a research note on Monday, November 11th. CIBC lifted their price target on Docebo from $44.00 to $52.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. Finally, Needham & Company LLC raised their target price on Docebo from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Docebo currently has a consensus rating of "Moderate Buy" and an average target price of $57.36.

Docebo Price Performance

Shares of NASDAQ:DCBO traded up $0.11 during trading on Friday, hitting $50.08. 22,297 shares of the company's stock were exchanged, compared to its average volume of 88,376. The business's 50-day simple moving average is $47.57 and its 200 day simple moving average is $42.62. The company has a market cap of $1.51 billion, a price-to-earnings ratio of 86.36 and a beta of 1.55. Docebo Inc. has a 52-week low of $33.81 and a 52-week high of $56.41. 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.