D. E. Shaw & Co. Inc. Grows Holdings in Docebo Inc. (NASDAQ:DCBO)

D. E. Shaw & Co. Inc. boosted its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 93.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,547 shares of the company's stock after acquiring an additional 39,364 shares during the period. D. E. Shaw & Co. Inc. owned 0.27% of Docebo worth $3,654,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new stake in Docebo in the fourth quarter valued at $132,000. Tower Research Capital LLC TRC boosted its holdings in shares of Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock valued at $134,000 after buying an additional 949 shares in the last quarter. Barclays PLC purchased a new stake in shares of Docebo in the 3rd quarter worth about $142,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Docebo in the 4th quarter worth about $255,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Docebo in the 4th quarter worth about $327,000. Institutional investors own 53.17% of the company's stock.

Docebo Stock Down 0.3%

Docebo stock traded down $0.08 during mid-day trading on Friday, reaching $26.26. The stock had a trading volume of 106,796 shares, compared to its average volume of 83,362. The company has a market capitalization of $778.16 million, a price-to-earnings ratio of 45.28 and a beta of 1.57. The company has a 50-day moving average price of $29.29 and a two-hundred day moving average price of $38.34. Docebo Inc. has a one year low of $25.50 and a one year high of $53.86. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

Analysts Set New Price Targets

A number of brokerages have weighed in on DCBO. Wall Street Zen downgraded shares of Docebo from a "buy" rating to a "hold" rating in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. National Bankshares decreased their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Finally, Atb Cap Markets downgraded shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Docebo presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.43.

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.