BNP Paribas Financial Markets Acquires New Position in Docebo Inc. (NASDAQ:DCBO)

BNP Paribas Financial Markets bought a new position in 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 bought 20,353 shares of the company's stock, valued at approximately $911,000. BNP Paribas Financial Markets owned about 0.07% of Docebo at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Docebo by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company's stock worth $1,832,000 after buying an additional 360 shares during the last quarter. Grandeur Peak Global Advisors LLC raised its holdings in Docebo by 3.6% in the 4th quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company's stock worth $517,000 after purchasing an additional 400 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Docebo by 46.7% in the 4th 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 during the period. Advisory Services Network LLC boosted its stake in shares of Docebo by 10.5% during the 4th quarter. Advisory Services Network LLC now owns 16,065 shares of the company's stock valued at $720,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Jump Financial LLC increased its position in shares of Docebo by 33.3% during the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company's stock valued at $372,000 after buying an additional 2,080 shares during the period. Hedge funds and other institutional investors own 53.17% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on DCBO. Scotiabank lowered 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. Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. UBS Group set a $45.00 price objective on Docebo in a report on Tuesday, March 4th. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

Docebo Stock Up 2.2%

NASDAQ DCBO traded up $0.58 during mid-day trading on Tuesday, reaching $26.84. The stock had a trading volume of 81,731 shares, compared to its average volume of 83,355. The company has a fifty day moving average price of $29.15 and a 200 day moving average price of $37.99. 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 1 year low of $25.50 and a 1 year high of $53.86. The stock has a market cap of $795.35 million, a PE ratio of 46.28 and a beta of 1.57.

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.