Warburg Pincus LLC Has $146.30 Million Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Warburg Pincus LLC cut its stake in Docebo Inc. (NASDAQ:DCBO - Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,267,875 shares of the company's stock after selling 278,722 shares during the period. Docebo accounts for 9.6% of Warburg Pincus LLC's investment portfolio, making the stock its 3rd largest holding. Warburg Pincus LLC owned about 10.80% of Docebo worth $146,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in shares of Docebo during the 4th quarter valued at $132,000. Tower Research Capital LLC TRC increased its holdings in Docebo by 46.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company's stock worth $134,000 after buying an additional 949 shares during the last quarter. Barclays PLC bought a new stake in Docebo in the third quarter worth about $142,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Docebo during the 4th quarter valued at approximately $255,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Docebo during the 4th quarter worth approximately $327,000. Institutional investors own 53.17% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DCBO shares. Needham & Company LLC reiterated a "buy" rating and set a $42.00 price objective on shares of Docebo in a research note on Thursday, April 10th. Morgan Stanley decreased their target price on shares of Docebo from $43.00 to $41.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. Atb Cap Markets upgraded shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 28th. UBS Group set a $45.00 target price on Docebo in a research note on Tuesday, March 4th. Finally, Scotiabank cut their price objective on Docebo from $55.00 to $45.00 and set a "sector outperform" rating for the company in a report on Tuesday, March 4th. 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. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $50.45.

Docebo Stock Performance

Shares of DCBO stock traded down $0.14 during trading hours on Tuesday, reaching $31.56. 21,933 shares of the company traded hands, compared to its average volume of 84,194. The company has a market cap of $946.64 million, a P/E ratio of 54.34 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a 50-day moving average price of $30.28 and a 200 day moving average price of $40.17. Docebo Inc. has a 12-month low of $26.00 and a 12-month high of $53.86.

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.