Arrowstreet Capital Limited Partnership Acquires 86,038 Shares of Docebo Inc. $DCBO

Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo Inc. (NASDAQ:DCBO – Free Report) by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 615,587 shares of the company’s stock after purchasing an additional 86,038 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Docebo were worth $10,775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DCBO. NewGen Asset Management Ltd bought a new position in Docebo during the first quarter valued at about $1,558,000. Hillsdale Investment Management Inc. acquired a new position in Docebo during the fourth quarter worth about $883,000. UBS Group AG raised its position in Docebo by 43.0% in the third quarter. UBS Group AG now owns 44,486 shares of the company’s stock worth $1,216,000 after acquiring an additional 13,386 shares in the last quarter. Magnetar Financial LLC bought a new stake in Docebo in the third quarter worth about $419,000. Finally, Russell Investments Group Ltd. lifted its holdings in Docebo by 93.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 14,610 shares of the company’s stock valued at $399,000 after acquiring an additional 7,064 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

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Docebo Trading Down 0.7%

NASDAQ DCBO opened at $20.67 on Friday. Docebo Inc. has a 1-year low of $14.39 and a 1-year high of $33.42. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $519.64 million, a PE ratio of 17.82 and a beta of 1.27. The firm’s fifty day simple moving average is $18.39 and its 200-day simple moving average is $18.37.

Analyst Upgrades and Downgrades

DCBO has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $31.00 target price on shares of Docebo in a report on Friday, July 17th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $28.00 price target on shares of Docebo in a report on Wednesday, April 22nd. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. ATB Cormark Capital Markets reduced their price objective on Docebo from $36.00 to $35.00 and set an “outperform” rating for the company in a research note on Monday, July 20th. Finally, Zacks Research cut Docebo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.08.

Check Out Our Latest Stock Analysis on DCBO

Docebo Profile

(Free Report)

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.

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