JPMorgan Chase & Co. Grows Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

JPMorgan Chase & Co. raised its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,023 shares of the company's stock after acquiring an additional 15,873 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.14% of Docebo worth $1,881,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Quantbot Technologies LP bought a new position in Docebo during the fourth quarter valued at $132,000. Barclays PLC bought a new position in shares of Docebo during the 3rd quarter worth $142,000. Y Intercept Hong Kong Ltd purchased a new stake in Docebo in the 4th quarter worth about $348,000. Magnetar Financial LLC raised its stake in Docebo by 113.8% in the 4th quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock valued at $485,000 after acquiring an additional 5,761 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in Docebo by 198.1% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,974 shares of the company's stock valued at $1,073,000 after purchasing an additional 15,931 shares during the last quarter. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DCBO has been the subject of a number of recent research reports. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. UBS Group set a $45.00 price target on Docebo in a report on Tuesday, March 4th. Needham & Company LLC reiterated a "buy" rating and issued a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Morgan Stanley cut their price objective on Docebo from $43.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Finally, Scotiabank reduced their price objective on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $50.45.

Docebo Trading Down 0.9 %

Docebo stock traded down $0.28 during mid-day trading on Wednesday, reaching $31.25. 38,132 shares of the company traded hands, compared to its average volume of 84,789. The firm's 50 day moving average price is $30.69 and its 200 day moving average price is $40.53. Docebo Inc. has a 52-week low of $26.00 and a 52-week high of $53.86. The firm has a market capitalization of $937.38 million, a price-to-earnings ratio of 53.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13.

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.