Nuveen LLC Buys Shares of 12,006 Docebo Inc. $DCBO

Key Points

• Nuveen LLC acquired 12,006 shares of Docebo Inc. during the first quarter, valued at approximately $345,000.
• Institutional investors collectively hold 53.17% of Docebo's stock, indicating significant interest from large financial entities.
• Docebo's stock has a consensus rating of "Moderate Buy" with an average target price of $44.13 from analysts.

Nuveen LLC bought a new stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,006 shares of the company's stock, valued at approximately $345,000.

A number of other large investors have also recently bought and sold shares of DCBO. Jane Street Group LLC acquired a new stake in Docebo during the 4th quarter valued at $621,000. BNP Paribas Financial Markets acquired a new stake in Docebo during the 4th quarter valued at $911,000. Bank of America Corp DE grew its holdings in Docebo by 32.1% during the 4th quarter. Bank of America Corp DE now owns 41,981 shares of the company's stock valued at $1,879,000 after buying an additional 10,203 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Docebo during the 4th quarter valued at $355,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Docebo during the 4th quarter worth $780,000. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Stock Up 0.1%

Shares of Docebo stock opened at $31.18 on Friday. The business has a 50-day moving average of $30.38 and a 200-day moving average of $29.87. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market capitalization of $895.80 million, a PE ratio of 45.19 and a beta of 1.48. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DCBO shares. Cantor Fitzgerald started coverage on Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 price target on the stock. Wall Street Zen raised Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Morgan Stanley lowered Docebo from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Scotiabank reduced their price target on Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Finally, Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $44.13.

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.

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