PDT Partners LLC Boosts Stock Position in Docebo Inc. $DCBO

PDT Partners LLC boosted its position in shares of Docebo Inc. (NASDAQ:DCBO) by 74.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,794 shares of the company’s stock after acquiring an additional 6,305 shares during the quarter. PDT Partners LLC’s holdings in Docebo were worth $425,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DCBO. Tower Research Capital LLC TRC boosted its stake in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after purchasing an additional 949 shares during the period. Deutsche Bank AG acquired a new stake in Docebo during the 4th quarter worth approximately $242,000. Aigen Investment Management LP purchased a new position in Docebo in the 1st quarter valued at approximately $263,000. State of Wyoming purchased a new position in Docebo in the 4th quarter valued at approximately $275,000. Finally, 1832 Asset Management L.P. grew its stake in shares of Docebo by 112.6% in the first quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock worth $305,000 after acquiring an additional 5,631 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Docebo Trading Up 1.7%

DCBO opened at $31.14 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.04 and a current ratio of 1.04. Docebo Inc. has a one year low of $25.50 and a one year high of $53.86. The company has a market cap of $894.65 million, a P/E ratio of 45.13 and a beta of 1.48. The business’s 50-day simple moving average is $30.32 and its 200-day simple moving average is $29.95.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Wall Street Zen upgraded Docebo from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Cantor Fitzgerald began coverage on Docebo in a research note on Monday, June 9th. They issued an “overweight” rating and a $35.00 price objective for the company. Zacks Research raised Docebo to a “hold” rating in a research report on Friday, August 8th. National Bank Financial cut shares of Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Finally, Morgan Stanley downgraded shares of Docebo from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Six research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

About Docebo

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.