PDT Partners LLC Acquires Shares of 8,489 Docebo Inc. (NASDAQ:DCBO)

PDT Partners LLC purchased a new stake in Docebo Inc. (NASDAQ:DCBO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,489 shares of the company's stock, valued at approximately $380,000.

Several other large investors have also added to or reduced their stakes in DCBO. Long Path Partners LP lifted its position in Docebo by 1.2% during the fourth quarter. Long Path Partners LP now owns 740,055 shares of the company's stock worth $33,132,000 after purchasing an additional 8,756 shares during the period. Hillsdale Investment Management Inc. raised its position in Docebo by 207.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after purchasing an additional 412,403 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Docebo by 44.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock valued at $19,504,000 after acquiring an additional 134,867 shares during the last quarter. Artisan Partners Limited Partnership bought a new position in Docebo during the fourth quarter worth $17,163,000. Finally, American Century Companies Inc. boosted its position in shares of Docebo by 27.6% during the 4th quarter. American Century Companies Inc. now owns 337,777 shares of the company's stock valued at $15,147,000 after purchasing an additional 73,149 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Trading Up 0.5 %

Shares of NASDAQ DCBO traded up $0.16 during mid-day trading on Friday, reaching $31.66. The company had a trading volume of 35,817 shares, compared to its average volume of 84,540. 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 business's 50-day moving average is $30.41 and its 200-day moving average is $40.27. The stock has a market cap of $949.67 million, a price-to-earnings ratio of 54.59 and a beta of 1.59. Docebo Inc. has a 52 week low of $26.00 and a 52 week high of $53.86.

Analyst Ratings Changes

DCBO has been the subject of several recent research reports. Needham & Company LLC reissued 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 target price on Docebo from $55.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Tuesday, March 4th. UBS Group set a $45.00 target price on shares of Docebo in a report on Tuesday, March 4th. National Bankshares cut their price target on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Atb Cap Markets raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Docebo has an average rating of "Buy" and a consensus target price of $50.45.

Docebo 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.