Aigen Investment Management LP Makes New $263,000 Investment in Docebo Inc. $DCBO

Key Points

• Aigen Investment Management LP acquired 9,177 shares of Docebo Inc. valued at approximately $263,000 during the first quarter, as indicated in a recent 13F filing.
• Docebo's shares have an average rating of "Moderate Buy" from analysts, with a new average price target of $44.13 after various upgrades and downgrades in recent months.
• As of now, Docebo's stock price is $31.54, with a market capitalization of around $906.14 million and a price-to-earnings ratio of 45.71.

Aigen Investment Management LP bought a new position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,177 shares of the company's stock, valued at approximately $263,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after buying an additional 949 shares in the last quarter. Deutsche Bank AG purchased a new stake in shares of Docebo in the 4th quarter valued at $242,000. State of Wyoming bought a new position in shares of Docebo during the fourth quarter valued at about $275,000. Aquatic Capital Management LLC bought a new position in shares of Docebo during the fourth quarter valued at about $327,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Docebo in the fourth quarter worth about $355,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

Wall Street Analyst Weigh In

DCBO has been the subject of several research analyst reports. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 11th. Morgan Stanley lowered shares of Docebo from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $41.00 to $32.00 in a report on Monday, May 12th. Scotiabank decreased their price objective on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Cantor Fitzgerald assumed coverage on Docebo in a report on Monday, June 9th. They issued an "overweight" rating and a $35.00 target price for the company. Finally, National Bankshares cut their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $44.13.

Docebo Stock Down 1.0%

DCBO traded down $0.31 during trading on Tuesday, hitting $31.34. The stock had a trading volume of 70,293 shares, compared to its average volume of 88,169. The company has a market capitalization of $900.40 million, a PE ratio of 45.42 and a beta of 1.48. Docebo Inc. has a twelve month low of $25.50 and a twelve month high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a 50 day simple moving average of $29.32 and a two-hundred day simple moving average of $30.80.

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.