Cubist Systematic Strategies LLC Makes New $780,000 Investment in Docebo Inc. (NASDAQ:DCBO)

Cubist Systematic Strategies LLC bought a new position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 17,408 shares of the company's stock, valued at approximately $780,000. Cubist Systematic Strategies LLC owned 0.06% of Docebo at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Docebo during the fourth quarter valued at approximately $132,000. Tower Research Capital LLC TRC boosted its position in shares of Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after purchasing an additional 949 shares in the last quarter. Barclays PLC bought a new position in shares of Docebo during the third quarter worth $142,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Docebo in the 4th quarter valued at $255,000. Finally, Aquatic Capital Management LLC bought a new stake in shares of Docebo in the 4th quarter valued at $327,000. 53.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on DCBO. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. National Bankshares decreased their price objective on Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Morgan Stanley cut Docebo from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. UBS Group set a $45.00 price target on shares of Docebo in a research note on Tuesday, March 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $42.00 price objective on shares of Docebo in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Docebo Stock Up 1.0%

NASDAQ:DCBO traded up $0.27 during trading hours on Friday, reaching $26.71. 116,102 shares of the stock were exchanged, compared to its average volume of 85,356. 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 Inc. has a twelve month low of $25.50 and a twelve month high of $53.86. The stock has a market cap of $791.50 million, a PE ratio of 46.05 and a beta of 1.57. The firm has a 50 day moving average of $29.59 and a 200 day moving average of $39.10.

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.