Man Group plc Takes Position in Docebo Inc. (NASDAQ:DCBO)

Man Group plc bought a new stake in Docebo Inc. (NASDAQ:DCBO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 39,448 shares of the company's stock, valued at approximately $1,768,000. Man Group plc owned approximately 0.13% of Docebo as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCBO. Quantbot Technologies LP purchased a new position in Docebo during the fourth quarter worth $132,000. Tower Research Capital LLC TRC boosted its stake in Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after buying an additional 949 shares during the period. Deutsche Bank AG purchased a new position in Docebo during the fourth quarter worth $242,000. Dynamic Technology Lab Private Ltd purchased a new position in Docebo during the fourth quarter worth $255,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Docebo during the fourth quarter valued at $327,000. 53.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Docebo Stock Up 0.8%

Shares of NASDAQ DCBO traded up $0.21 during mid-day trading on Thursday, reaching $27.08. The company had a trading volume of 20,909 shares, compared to its average volume of 81,670. The stock has a market cap of $802.52 million, a P/E ratio of 46.62 and a beta of 1.57. Docebo Inc. has a 52-week low of $25.50 and a 52-week high of $53.86. The firm has a 50 day simple moving average of $29.08 and a two-hundred day simple moving average of $37.92. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.