Renaissance Technologies LLC Sells 23,569 Shares of Docebo Inc. (NASDAQ:DCBO)

Renaissance Technologies LLC reduced its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,131 shares of the company's stock after selling 23,569 shares during the quarter. Renaissance Technologies LLC owned 0.27% of Docebo worth $3,677,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Docebo in the fourth quarter valued at about $132,000. Barclays PLC bought a new position in shares of Docebo in the third quarter valued at about $142,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Docebo in the fourth quarter valued at about $255,000. Y Intercept Hong Kong Ltd bought a new position in shares of Docebo in the fourth quarter valued at about $348,000. Finally, Magnetar Financial LLC raised its position in shares of Docebo by 113.8% in the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company's stock valued at $485,000 after purchasing an additional 5,761 shares during the period. 53.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. National Bankshares dropped their price objective on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday. Scotiabank decreased their price target on shares of 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 price target on shares of Docebo in a research note on Tuesday, March 4th. Morgan Stanley decreased their price target 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $50.45.

Docebo Price Performance

Docebo stock traded down $0.33 during trading hours on Monday, reaching $31.54. 27,448 shares of the stock were exchanged, compared to its average volume of 85,392. The company has a market cap of $946.07 million, a P/E ratio of 54.38 and a beta of 1.59. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a twelve month low of $26.00 and a twelve month high of $53.86. The stock has a 50 day moving average of $31.02 and a two-hundred day moving average of $40.66.

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.