Two Sigma Investments LP Has $2.35 Million Holdings in Docebo Inc. (NASDAQ:DCBO)

Two Sigma Investments LP cut its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 31.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,464 shares of the company's stock after selling 24,204 shares during the period. Two Sigma Investments LP owned approximately 0.17% of Docebo worth $2,349,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of DCBO. Y Intercept Hong Kong Ltd acquired a new position in Docebo during the fourth quarter valued at $348,000. Jane Street Group LLC purchased a new position in Docebo during the 4th quarter valued at about $621,000. Russell Investments Group Ltd. grew its stake in Docebo by 102.1% during the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company's stock valued at $1,285,000 after acquiring an additional 14,496 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Docebo by 128.2% in the 4th quarter. Millennium Management LLC now owns 78,616 shares of the company's stock valued at $3,521,000 after purchasing an additional 44,162 shares during the period. Finally, Alberta Investment Management Corp lifted its position in shares of Docebo by 47.9% in the fourth quarter. Alberta Investment Management Corp now owns 57,279 shares of the company's stock worth $2,567,000 after purchasing an additional 18,544 shares in the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Trading Up 0.2%

Shares of Docebo stock traded up $0.05 during trading on Wednesday, hitting $27.10. 60,507 shares of the company were exchanged, compared to its average volume of 79,607. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $803.05 million, a P/E ratio of 46.72 and a beta of 1.48. The firm's fifty day moving average price is $28.73 and its 200 day moving average price is $37.16. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DCBO. National Bank Financial downgraded shares of Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Needham & Company LLC reissued a "buy" rating and issued a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. Scotiabank dropped their price objective on 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 downgraded shares of Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Docebo presently has a consensus rating of "Moderate Buy" and an average target price of $45.43.

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.