AYAL Capital Advisors Ltd Has $5.04 Million Stock Position in Docebo Inc. $DCBO

Key Points

• AYAL Capital Advisors Ltd increased its position in Docebo Inc. by 39.7% in the first quarter, now holding 175,602 shares valued at approximately $5 million.
• Several other hedge funds also significantly increased their stakes, with Royal Bank of Canada raising its holdings by 467.1% in the same quarter.
• Docebo currently holds an average rating of "Moderate Buy" from analysts, with a consensus price target of $44.13.

AYAL Capital Advisors Ltd boosted its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 39.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 175,602 shares of the company's stock after buying an additional 49,902 shares during the period. Docebo makes up approximately 1.7% of AYAL Capital Advisors Ltd's holdings, making the stock its 16th biggest holding. AYAL Capital Advisors Ltd owned 0.59% of Docebo worth $5,042,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its stake 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 worth $134,000 after acquiring an additional 949 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Docebo during the 4th quarter worth approximately $242,000. State of Wyoming bought a new position in shares of Docebo during the 4th quarter worth approximately $275,000. Balyasny Asset Management L.P. bought a new position in shares of Docebo during the 4th quarter worth approximately $355,000. Finally, Aigen Investment Management LP bought a new position in shares of Docebo during the 1st quarter worth approximately $263,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DCBO. Morgan Stanley cut shares of Docebo from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Atb Cap Markets cut shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Wall Street Zen raised shares of Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Zacks Research raised shares of Docebo to a "hold" rating in a research note on Friday, August 8th. Finally, Cantor Fitzgerald began coverage on shares of Docebo in a research note on Monday, June 9th. They issued an "overweight" rating and a $35.00 target price for the company. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Docebo Stock Performance

Docebo stock traded up $0.04 during mid-day trading on Friday, hitting $31.18. 158,083 shares of the company's stock traded hands, compared to its average volume of 103,158. The firm has a 50 day simple moving average of $30.38 and a two-hundred day simple moving average of $29.79. Docebo Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The stock has a market cap of $895.80 million, a price-to-earnings ratio of 45.19 and a beta of 1.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04.

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.