Marshall Wace LLP Decreases Stock Position in Docebo Inc. (NASDAQ:DCBO)

Marshall Wace LLP lessened its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 32.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,850 shares of the company's stock after selling 19,721 shares during the period. Marshall Wace LLP owned about 0.14% of Docebo worth $1,874,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Docebo during the fourth quarter worth about $132,000. Barclays PLC purchased a new position in Docebo during the 3rd quarter worth $142,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Docebo during the fourth quarter worth about $255,000. Y Intercept Hong Kong Ltd acquired a new position in Docebo in the 4th quarter valued at about $348,000. Finally, Jump Financial LLC grew its stake in shares of Docebo by 33.3% in the 4th quarter. Jump Financial LLC now owns 8,320 shares of the company's stock valued at $372,000 after purchasing an additional 2,080 shares during the last quarter. 53.17% of the stock is owned by hedge funds and other institutional investors.

Docebo Trading Up 1.4 %

Shares of Docebo stock traded up $0.45 during trading hours on Friday, reaching $31.95. 7,768 shares of the company's stock were exchanged, compared to its average volume of 84,374. Docebo Inc. has a 52-week low of $26.00 and a 52-week high of $53.86. The company has a fifty day moving average of $30.54 and a 200-day moving average of $40.44. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $958.37 million, a price-to-earnings ratio of 55.09 and a beta of 1.59.

Wall Street Analyst Weigh In

DCBO has been the topic of several recent research reports. Morgan Stanley dropped their price objective on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. National Bankshares decreased their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Scotiabank lowered their price target on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a report on Tuesday, March 4th. Finally, UBS Group set a $45.00 target price on Docebo in a report on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $50.45.

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.