Docebo Inc. $DCBO is Warburg Pincus LLC's 3rd Largest Position

Key Points

• Warburg Pincus LLC has increased its stake in Docebo Inc. by 11.1%, now holding $104.24 million worth, making it the firm's 3rd biggest holding.
• A significant 53.17% of Docebo's stock is owned by institutional investors and hedge funds, with several firms increasing their stakes in the first quarter.
• Docebo has received mixed ratings from analysts, with an average rating of "Moderate Buy" and a price target range reflecting varied outlooks on its performance.

Warburg Pincus LLC raised its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 11.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,630,715 shares of the company's stock after buying an additional 362,840 shares during the quarter. Docebo comprises approximately 8.0% of Warburg Pincus LLC's holdings, making the stock its 3rd largest position. Warburg Pincus LLC owned about 12.25% of Docebo worth $104,238,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of Docebo by 4,534.3% in the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company's stock worth $14,444,000 after purchasing an additional 315,496 shares during the last quarter. Long Path Partners LP increased its position in shares of Docebo by 21.8% in the first quarter. Long Path Partners LP now owns 901,574 shares of the company's stock valued at $25,884,000 after buying an additional 161,519 shares in the last quarter. Royal Bank of Canada raised its stake in Docebo by 467.1% in the 1st quarter. Royal Bank of Canada now owns 158,340 shares of the company's stock valued at $4,546,000 after purchasing an additional 130,419 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Docebo by 128.2% during the fourth quarter. Millennium Management LLC now owns 78,616 shares of the company's stock worth $3,521,000 after buying an additional 44,162 shares in the last quarter. Finally, Louisbourg Investments Inc. grew its holdings in Docebo by 110.3% in the 1st quarter. Louisbourg Investments Inc. now owns 76,672 shares of the company's stock valued at $2,207,000 after buying an additional 40,207 shares in the last quarter. Hedge funds and other institutional investors own 53.17% of the company's stock.

Docebo Stock Down 0.9%

Shares of DCBO traded down $0.27 during trading hours on Friday, hitting $30.87. The stock had a trading volume of 114,987 shares, compared to its average volume of 88,981. The firm has a 50 day simple moving average of $30.32 and a 200-day simple moving average of $29.95. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86. 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 firm has a market capitalization of $886.90 million, a P/E ratio of 44.75 and a beta of 1.48.

Analysts Set New Price Targets

Several research firms recently weighed in on DCBO. Wall Street Zen upgraded Docebo from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Zacks Research upgraded shares of Docebo to a "hold" rating in a research report on Friday, August 8th. Cantor Fitzgerald started coverage on shares of Docebo in a report on Monday, June 9th. They issued an "overweight" rating and a $35.00 price objective for the company. Finally, Atb Cap Markets cut Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Six 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 currently has a consensus rating of "Moderate Buy" and an average target price of $44.13.

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.