Acadian Asset Management LLC Has $4.45 Million Position in Docebo Inc. $DCBO

Acadian Asset Management LLC lowered its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 29.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,129 shares of the company’s stock after selling 63,696 shares during the quarter. Acadian Asset Management LLC owned about 0.54% of Docebo worth $4,446,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Long Path Partners LP boosted its holdings in shares of Docebo by 21.8% during the 1st quarter. Long Path Partners LP now owns 901,574 shares of the company’s stock worth $25,884,000 after buying an additional 161,519 shares during the period. Cubist Systematic Strategies LLC lifted its position in Docebo by 84.4% during the 1st quarter. Cubist Systematic Strategies LLC now owns 32,105 shares of the company’s stock worth $922,000 after acquiring an additional 14,697 shares during the last quarter. Warburg Pincus LLC lifted 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 worth $104,238,000 after acquiring an additional 362,840 shares during the last quarter. Nicola Wealth Management LTD. bought a new stake in Docebo during the first quarter valued at about $3,424,000. Finally, American Century Companies Inc. grew its position in shares of Docebo by 1.6% in the first 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 last quarter. Institutional investors own 53.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DCBO. TD Cowen reissued a “buy” rating and set a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Docebo in a report on Wednesday, October 8th. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. National Bankshares reduced their price objective on Docebo from $35.00 to $31.00 and set a “sector perform” rating for the company in a research report on Thursday, October 23rd. Finally, Oppenheimer initiated coverage on shares of Docebo in a research report on Wednesday, November 5th. They set an “outperform” rating and a $35.00 target price on the stock. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.20.

Docebo Stock Performance

Shares of NASDAQ DCBO opened at $22.70 on Friday. The firm has a market capitalization of $652.40 million, a price-to-earnings ratio of 30.68 and a beta of 1.44. Docebo Inc. has a one year low of $22.65 and a one year high of $50.80. The business has a fifty day simple moving average of $27.45 and a 200 day simple moving average of $28.56. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05.

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.