Docebo Inc. $DCBO Stock Holdings Lifted by Long Path Partners LP

Key Points

• Long Path Partners LP increased its holdings in Docebo Inc. by 21.8% during the first quarter, making it the fund's fourth biggest position within its investment portfolio.
• Institutional investors now own 53.17% of Docebo's stock, with various firms reporting significant increases in their stakes during the last quarter.
• Analyst ratings are mixed for Docebo, with six analysts rating it as a Buy and four as Hold, while the consensus price target is set at $44.13.

Long Path Partners LP raised its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 21.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 901,574 shares of the company's stock after acquiring an additional 161,519 shares during the quarter. Docebo makes up about 10.0% of Long Path Partners LP's investment portfolio, making the stock its 4th biggest position. Long Path Partners LP owned about 3.04% of Docebo worth $25,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DCBO. Mackenzie Financial Corp grew its stake in Docebo by 4,534.3% during the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company's stock valued at $14,444,000 after acquiring an additional 315,496 shares in the last quarter. Millennium Management LLC lifted its stake in Docebo by 128.2% in the 4th quarter. Millennium Management LLC now owns 78,616 shares of the company's stock worth $3,521,000 after purchasing an additional 44,162 shares in the last quarter. Louisbourg Investments Inc. boosted its holdings in shares of Docebo by 110.3% during the 1st quarter. Louisbourg Investments Inc. now owns 76,672 shares of the company's stock valued at $2,207,000 after purchasing an additional 40,207 shares during the last quarter. Man Group plc bought a new position in shares of Docebo during the 4th quarter valued at about $1,768,000. Finally, D. E. Shaw & Co. Inc. grew its position in shares of Docebo by 93.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 81,547 shares of the company's stock valued at $3,654,000 after purchasing an additional 39,364 shares in the last quarter. Institutional investors own 53.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DCBO shares. National Bank Financial downgraded Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Cantor Fitzgerald began coverage on Docebo in a research note on Monday, June 9th. They issued an "overweight" rating and a $35.00 price objective on the stock. Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $41.00 to $32.00 in a research report on Monday, May 12th. Wall Street Zen upgraded shares of Docebo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, 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 research report on Monday, May 12th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.13.

Docebo Stock Performance

Shares of Docebo stock opened at $31.11 on Monday. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average is $29.60 and its two-hundred day moving average is $30.49. Docebo Inc. has a 52 week low of $25.50 and a 52 week high of $53.86. The company has a market capitalization of $893.79 million, a PE ratio of 45.09 and a beta of 1.48.

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.

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