Bank of America Corp DE Raises Holdings in Docebo Inc. (NASDAQ:DCBO)

Bank of America Corp DE grew its position in Docebo Inc. (NASDAQ:DCBO - Free Report) by 32.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,981 shares of the company's stock after purchasing an additional 10,203 shares during the period. Bank of America Corp DE owned about 0.14% of Docebo worth $1,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in DCBO. Hillsdale Investment Management Inc. grew its position in Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock valued at $27,372,000 after buying an additional 412,403 shares during the period. Artisan Partners Limited Partnership bought a new position in Docebo during the fourth quarter valued at about $17,163,000. TFJ Management LLC bought a new position in Docebo during the fourth quarter valued at about $12,138,000. Arrowstreet Capital Limited Partnership grew its position in 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 buying an additional 134,867 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Docebo by 39.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock valued at $14,741,000 after buying an additional 92,327 shares during the period. Hedge funds and other institutional investors own 53.17% of the company's stock.

Docebo Trading Down 0.9%

Shares of DCBO traded down $0.25 during trading hours on Thursday, reaching $26.85. 76,444 shares of the company traded hands, compared to its average volume of 79,595. The firm has a market cap of $795.65 million, a price-to-earnings ratio of 46.29 and a beta of 1.48. Docebo Inc. has a 12-month low of $25.50 and a 12-month high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $28.73 and its 200 day moving average price is $37.16.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DCBO shares. Wall Street Zen lowered shares of Docebo from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Morgan Stanley lowered shares of Docebo from an "overweight" rating to an "equal weight" rating and cut their target price for the stock from $41.00 to $32.00 in a research report on Monday, May 12th. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. 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. Finally, National Bank Financial lowered shares of Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Docebo presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

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.