Acadian Asset Management LLC Acquires 93,090 Shares of Docebo Inc. $DCBO

Key Points

• Acadian Asset Management LLC has increased its stake in Docebo Inc. by 74.6%, acquiring 93,090 additional shares, bringing its total holdings to 217,825 shares valued at $6,246,000.
• Institutional investors own 53.17% of Docebo's stock, highlighting significant interest from hedge funds in the company.
• Docebo has received positive analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $44.13.

Acadian Asset Management LLC boosted its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 74.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,825 shares of the company's stock after purchasing an additional 93,090 shares during the period. Acadian Asset Management LLC owned approximately 0.74% of Docebo worth $6,246,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Long Path Partners LP lifted its stake in Docebo by 21.8% in the first quarter. Long Path Partners LP now owns 901,574 shares of the company's stock worth $25,884,000 after purchasing an additional 161,519 shares during the last quarter. Jane Street Group LLC bought a new stake in Docebo in the fourth quarter worth $621,000. Rice Hall James & Associates LLC lifted its stake in Docebo by 30.6% in the first quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company's stock worth $4,133,000 after purchasing an additional 33,759 shares during the last quarter. Millennium Management LLC lifted its stake in Docebo by 128.2% in the fourth quarter. Millennium Management LLC now owns 78,616 shares of the company's stock worth $3,521,000 after purchasing an additional 44,162 shares during the last quarter. Finally, Deutsche Bank AG bought a new stake in Docebo in the fourth quarter worth $242,000. 53.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on DCBO. Wall Street Zen raised shares of Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research raised shares of Docebo to a "hold" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald started coverage on shares of Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Docebo has a consensus rating of "Moderate Buy" and an average target price of $44.13.

Docebo Stock Performance

Shares of NASDAQ:DCBO opened at $30.25 on Friday. The company has a market cap of $869.14 million, a price-to-earnings ratio of 43.84 and a beta of 1.48. The company has a 50-day moving average price of $30.54 and a 200-day moving average price of $29.51. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86.

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.

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