Wellington Management Group LLP Has $26.40 Million Stock Position in Docebo Inc. (NASDAQ:DCBO)

Wellington Management Group LLP lowered its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 589,606 shares of the company's stock after selling 10,370 shares during the quarter. Wellington Management Group LLP owned approximately 1.95% of Docebo worth $26,399,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new position in Docebo during the 4th quarter valued at approximately $132,000. Tower Research Capital LLC TRC boosted its position 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 purchasing an additional 949 shares in the last quarter. Deutsche Bank AG purchased a new position in Docebo during the fourth quarter valued at $242,000. Dynamic Technology Lab Private Ltd purchased a new position in Docebo in the 4th quarter valued at about $255,000. Finally, State of Wyoming acquired a new stake in shares of Docebo in the fourth quarter worth approximately $275,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

Analysts Set New Price Targets

DCBO has been the topic of several research analyst reports. National Bank Financial lowered shares of Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. Scotiabank dropped their target price on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. National Bankshares lowered their price target on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Wall Street Zen downgraded Docebo from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, UBS Group set a $45.00 target price on shares of Docebo in a report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $45.43.

Docebo Trading Up 0.2%

Shares of Docebo stock traded up $0.06 during trading hours on Wednesday, hitting $27.11. The company's stock had a trading volume of 28,446 shares, compared to its average volume of 79,803. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. 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 stock has a 50 day moving average of $28.77 and a 200 day moving average of $37.23. The company has a market capitalization of $803.35 million, a PE ratio of 46.74 and a beta of 1.57.

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.