Warburg Pincus LLC Has $104.24 Million Stock Holdings in Docebo Inc. $DCBO

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 Docebo Inc. (NASDAQ:DCBO - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,630,715 shares of the company's stock after acquiring an additional 362,840 shares during the period. Docebo accounts for about 8.0% of Warburg Pincus LLC's investment portfolio, making the stock its 3rd biggest holding. Warburg Pincus LLC owned about 12.25% of Docebo worth $104,238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Long Path Partners LP boosted its stake in 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 acquiring an additional 161,519 shares during the period. Mackenzie Financial Corp boosted its stake in Docebo by 18.2% in the first quarter. Mackenzie Financial Corp now owns 381,156 shares of the company's stock valued at $10,962,000 after acquiring an additional 58,702 shares during the period. American Century Companies Inc. boosted its stake in Docebo by 1.6% in the first quarter. American Century Companies Inc. now owns 343,221 shares of the company's stock valued at $9,872,000 after acquiring an additional 5,444 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Docebo by 17.1% in the fourth quarter. The Manufacturers Life Insurance Company now owns 236,432 shares of the company's stock valued at $10,616,000 after acquiring an additional 34,497 shares during the period. Finally, Barrier Capital Management LLC boosted its position in shares of Docebo by 5.6% during the fourth quarter. Barrier Capital Management LLC now owns 198,298 shares of the company's stock worth $8,878,000 after buying an additional 10,576 shares during the period. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DCBO. Scotiabank reduced their price objective on Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a research report on Monday, May 12th. Wall Street Zen upgraded Docebo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Atb Cap Markets downgraded Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. Cantor Fitzgerald began coverage on Docebo in a research report on Monday, June 9th. They set an "overweight" rating and a $35.00 price objective for the company. Finally, National Bank Financial downgraded Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $44.13.

Docebo Price Performance

NASDAQ DCBO opened at $31.18 on Friday. The stock has a market capitalization of $895.80 million, a P/E 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. The business's fifty day moving average is $30.03 and its two-hundred day moving average is $30.18. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04.

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.

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