Artisan Partners Limited Partnership Makes New Investment in Docebo Inc. (NASDAQ:DCBO)

Artisan Partners Limited Partnership bought a new stake in shares of Docebo Inc. (NASDAQ:DCBO) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 383,218 shares of the company’s stock, valued at approximately $17,163,000. Artisan Partners Limited Partnership owned about 1.27% of Docebo at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP acquired a new stake in Docebo in the fourth quarter valued at $132,000. Barclays PLC bought a new position in shares of Docebo during the third quarter worth about $142,000. Y Intercept Hong Kong Ltd bought a new position in shares of Docebo during the fourth quarter worth about $348,000. Magnetar Financial LLC grew its stake in Docebo by 113.8% in the fourth quarter. Magnetar Financial LLC now owns 10,825 shares of the company’s stock worth $485,000 after purchasing an additional 5,761 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after buying an additional 4,350 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Trading Down 5.3 %

Docebo stock opened at $29.29 on Friday. Docebo Inc. has a 52-week low of $27.61 and a 52-week 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. The firm has a market capitalization of $886.73 million, a price-to-earnings ratio of 50.50 and a beta of 1.60. The firm has a 50-day moving average price of $36.96 and a two-hundred day moving average price of $42.95.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 28th. UBS Group set a $45.00 price objective on Docebo in a research note on Tuesday, March 4th. Scotiabank lowered their target price on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, March 4th. Finally, Morgan Stanley set a $43.00 price target on shares of Docebo in a research report on Friday, February 28th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $53.18.

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.