TFJ Management LLC Invests $12.14 Million in Docebo Inc. (NASDAQ:DCBO)

TFJ Management LLC bought a new stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 271,113 shares of the company's stock, valued at approximately $12,138,000. Docebo makes up about 10.9% of TFJ Management LLC's holdings, making the stock its 4th largest position. TFJ Management LLC owned about 0.90% of Docebo as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DCBO. Quantbot Technologies LP purchased a new stake in shares of Docebo during the fourth quarter worth $132,000. Barclays PLC purchased a new stake in Docebo during the 3rd quarter valued at about $142,000. Dynamic Technology Lab Private Ltd acquired a new stake in Docebo in the 4th quarter valued at about $255,000. Y Intercept Hong Kong Ltd purchased a new position in Docebo in the 4th quarter worth approximately $348,000. Finally, Jump Financial LLC grew its position in shares of Docebo by 33.3% in the fourth 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 in the last quarter. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Trading Up 0.7 %

Shares of NASDAQ DCBO traded up $0.23 during midday trading on Friday, hitting $32.22. The stock had a trading volume of 20,072 shares, compared to its average volume of 85,169. The company has a fifty day moving average price of $31.42 and a 200 day moving average price of $40.87. The company has a market capitalization of $975.43 million, a price-to-earnings ratio of 55.59 and a beta of 1.59. Docebo Inc. has a 1-year low of $26.00 and a 1-year high of $53.86. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Scotiabank lowered 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 report on Tuesday, March 4th. UBS Group set a $45.00 price target on shares of Docebo in a report on Tuesday, March 4th. Atb Cap Markets upgraded Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. Morgan Stanley decreased their price target on 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 reaffirmed a "buy" rating and set a $42.00 price objective on shares of Docebo in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $50.45.

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.