Docebo Inc. $DCBO Shares Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 7.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,444 shares of the company’s stock after purchasing an additional 783 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Docebo were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Warburg Pincus LLC boosted its position in Docebo by 11.1% during the 1st quarter. Warburg Pincus LLC now owns 3,630,715 shares of the company’s stock valued at $104,238,000 after purchasing an additional 362,840 shares during the period. 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 purchasing an additional 161,519 shares during the period. Mackenzie Financial Corp boosted its position in Docebo by 18.2% during the 1st quarter. Mackenzie Financial Corp now owns 381,156 shares of the company’s stock valued at $10,962,000 after purchasing an additional 58,702 shares during the period. American Century Companies Inc. boosted its position in Docebo by 1.6% during the 1st quarter. American Century Companies Inc. now owns 343,221 shares of the company’s stock valued at $9,872,000 after purchasing an additional 5,444 shares during the period. Finally, Acadian Asset Management LLC boosted its position in Docebo by 74.6% during the 1st quarter. Acadian Asset Management LLC now owns 217,825 shares of the company’s stock valued at $6,246,000 after purchasing an additional 93,090 shares during the period. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Cantor Fitzgerald assumed coverage on Docebo in a research report on Monday, June 9th. They set an “overweight” rating and a $35.00 price objective for the company. TD Cowen restated a “buy” rating and set a $37.00 price objective on shares of Docebo in a research report on Friday. TD Securities assumed coverage on Docebo in a research report on Friday. They set a “buy” rating and a $37.00 price objective for the company. Zacks Research upgraded Docebo to a “hold” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Docebo in a research report on Saturday, September 27th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.67.

Docebo Trading Up 0.6%

Shares of NASDAQ DCBO opened at $27.60 on Tuesday. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a market cap of $792.95 million, a price-to-earnings ratio of 40.00 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $30.16 and a 200-day simple moving average of $29.25.

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.