Cubist Systematic Strategies LLC Acquires 14,697 Shares of Docebo Inc. $DCBO

Cubist Systematic Strategies LLC increased its holdings in Docebo Inc. (NASDAQ:DCBO) by 84.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,105 shares of the company’s stock after purchasing an additional 14,697 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.11% of Docebo worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Long Path Partners LP boosted its position in Docebo by 21.8% during the 1st quarter. Long Path Partners LP now owns 901,574 shares of the company’s stock valued at $25,884,000 after acquiring an additional 161,519 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Docebo by 18.2% in the 1st quarter. Mackenzie Financial Corp now owns 381,156 shares of the company’s stock worth $10,962,000 after acquiring an additional 58,702 shares in the last quarter. American Century Companies Inc. raised its position in shares of Docebo by 1.6% in the 1st quarter. American Century Companies Inc. now owns 343,221 shares of the company’s stock worth $9,872,000 after acquiring an additional 5,444 shares in the last quarter. Royal Bank of Canada raised its position in shares of Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock worth $4,546,000 after acquiring an additional 130,419 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in shares of Docebo by 30.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company’s stock worth $4,133,000 after acquiring an additional 33,759 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DCBO. Zacks Research raised Docebo to a “hold” rating in a research report on Friday, August 8th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Cantor Fitzgerald began coverage on Docebo in a research report on Monday, June 9th. They issued an “overweight” rating and a $35.00 target price for the company. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Docebo has an average rating of “Moderate Buy” and an average price target of $44.13.

Docebo Stock Performance

DCBO stock opened at $30.99 on Wednesday. The stock has a market capitalization of $890.34 million, a PE ratio of 44.91 and a beta of 1.48. Docebo Inc. has a 12-month low of $25.50 and a 12-month high of $53.86. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $30.49 and its 200 day simple moving average is $29.68.

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.