Docebo Inc. (NASDAQ:DCBO) Stake Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,859 shares of the company's stock after purchasing an additional 20,091 shares during the period. Lazard Asset Management LLC owned 0.14% of Docebo worth $1,918,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Docebo during the 4th quarter worth $132,000. Tower Research Capital LLC TRC boosted its position in 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 purchasing an additional 949 shares during the period. Barclays PLC purchased a new stake in Docebo during the 3rd quarter worth $142,000. Deutsche Bank AG purchased a new stake in Docebo during the 4th quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Docebo in the 4th quarter worth $255,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Stock Performance

Shares of NASDAQ:DCBO traded down $0.56 during trading on Wednesday, reaching $26.11. 101,757 shares of the company's stock traded hands, compared to its average volume of 85,412. 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 12 month low of $25.50 and a 12 month high of $53.86. The company has a 50 day moving average of $29.49 and a 200-day moving average of $38.82. The stock has a market capitalization of $773.72 million, a P/E ratio of 45.02 and a beta of 1.57.

Wall Street Analyst Weigh In

DCBO has been the topic of a number of recent analyst reports. UBS Group set a $45.00 price objective on shares of Docebo in a report on Tuesday, March 4th. Morgan Stanley lowered shares of Docebo from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $41.00 to $32.00 in a report on Monday, May 12th. National Bank Financial lowered shares of Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. Scotiabank cut their price objective on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Finally, Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a report on Sunday, May 11th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $45.43.

Docebo 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.