Docebo Inc. (NASDAQ:DCBO) is Barrier Capital Management LLC's 7th Largest Position

Barrier Capital Management LLC raised its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,298 shares of the company's stock after purchasing an additional 10,576 shares during the quarter. Docebo makes up about 7.2% of Barrier Capital Management LLC's holdings, making the stock its 7th biggest holding. Barrier Capital Management LLC owned about 0.66% of Docebo worth $8,878,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in DCBO. Hillsdale Investment Management Inc. boosted its position in Docebo by 207.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock valued at $27,372,000 after acquiring an additional 412,403 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of Docebo in the 4th quarter valued at approximately $17,163,000. TFJ Management LLC bought a new stake in shares of Docebo during the fourth quarter valued at approximately $12,138,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Docebo by 44.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock valued at $19,504,000 after purchasing an additional 134,867 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Docebo by 39.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock worth $14,741,000 after purchasing an additional 92,327 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

NASDAQ DCBO traded down $5.69 on Friday, reaching $26.34. 530,382 shares of the stock were exchanged, compared to its average volume of 87,356. The firm has a market capitalization of $790.09 million, a PE ratio of 45.41 and a beta of 1.57. Docebo Inc. has a one year low of $26.00 and a one year high of $53.86. The company's 50-day simple moving average is $30.15 and its two-hundred day simple moving average is $39.96. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Docebo (NASDAQ:DCBO - Get Free Report) last released its earnings results on Friday, May 9th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.03. Docebo had a net margin of 8.63% and a return on equity of 50.22%. Analysts expect that Docebo Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on DCBO shares. Scotiabank reduced their target price on shares of Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 4th. Morgan Stanley cut their target price on Docebo from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday. Atb Cap Markets raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Finally, UBS Group set a $45.00 target price on shares of Docebo in a report on Tuesday, March 4th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $50.45.

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.