Cubist Systematic Strategies LLC Takes $780,000 Position in Docebo Inc. (NASDAQ:DCBO)

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

Other hedge funds have also recently made changes to their positions in the company. Hillsdale Investment Management Inc. boosted its holdings in shares of Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after purchasing an additional 412,403 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Docebo in the 4th quarter worth approximately $17,163,000. TFJ Management LLC purchased a new position in shares of Docebo during the fourth quarter valued at approximately $12,138,000. Arrowstreet Capital Limited Partnership raised its holdings 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 acquiring an additional 134,867 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted 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 acquiring an additional 92,327 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Docebo Price Performance

Shares of NASDAQ:DCBO traded down $0.04 during trading on Tuesday, hitting $26.73. 8,214 shares of the company's stock were exchanged, compared to its average volume of 84,902. Docebo Inc. has a 52-week low of $25.50 and a 52-week high of $53.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $792.06 million, a price-to-earnings ratio of 46.04 and a beta of 1.57. The business's 50-day simple moving average is $29.54 and its 200 day simple moving average is $38.91.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DCBO. National Bankshares decreased their target price on Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. UBS Group set a $45.00 target price on shares of Docebo in a research report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. National Bank Financial cut Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Finally, Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Docebo presently has an average rating of "Moderate Buy" and an average price target of $45.43.

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.