Cubist Systematic Strategies LLC Has $922,000 Position in Docebo Inc. $DCBO

Key Points

• Cubist Systematic Strategies LLC increased its holdings in Docebo Inc. by 84.4%, acquiring an additional 14,697 shares for a total of 32,105 shares now valued at approximately $922,000.
• Institutional investors now own 53.17% of Docebo, with notable increases in holdings by firms such as Long Path Partners LP and Royal Bank of Canada, the latter raising its position by 467.1%.
• Docebo has received a mix of ratings from analysts, with an average recommendation of "Moderate Buy" and an average price target of $44.13, reflecting bullish sentiment among six investment analysts.

Cubist Systematic Strategies LLC boosted its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 84.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,105 shares of the company's stock after purchasing an additional 14,697 shares during the quarter. Cubist Systematic Strategies LLC owned about 0.11% of Docebo worth $922,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in Docebo during the 4th quarter worth about $242,000. Aigen Investment Management LP bought a new stake in Docebo during the 1st quarter worth about $263,000. State of Wyoming bought a new stake in Docebo during the 4th quarter worth about $275,000. 1832 Asset Management L.P. grew its position in shares of Docebo by 112.6% during the 1st quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company's stock worth $305,000 after buying an additional 5,631 shares during the period. Finally, Nuveen LLC bought a new stake in shares of Docebo in the 1st quarter valued at about $345,000. 53.17% of the stock is owned by institutional investors.

Docebo Stock Down 0.2%

Shares of DCBO traded down $0.07 during mid-day trading on Monday, hitting $30.18. 2,831 shares of the company's stock were exchanged, compared to its average volume of 88,131. The company has a market cap of $867.19 million, a PE ratio of 43.91 and a beta of 1.48. Docebo Inc. has a 52 week low of $25.50 and a 52 week high of $53.86. The company has a 50-day simple moving average of $30.54 and a 200 day simple moving average of $29.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04.

Wall Street Analysts Forecast Growth

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

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.