Aquatic Capital Management LLC Purchases Shares of 7,297 Docebo Inc. (NASDAQ:DCBO)

Aquatic Capital Management LLC acquired a new position in Docebo Inc. (NASDAQ:DCBO) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 7,297 shares of the company’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DCBO. Quantbot Technologies LP bought a new position in shares of Docebo in the fourth quarter worth $132,000. Tower Research Capital LLC TRC grew its position in Docebo by 46.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock valued at $134,000 after buying an additional 949 shares in the last quarter. Barclays PLC acquired a new position in Docebo during the 3rd quarter valued at about $142,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Docebo during the 4th quarter worth about $255,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Docebo in the 4th quarter worth approximately $348,000. 53.17% of the stock is owned by institutional investors.

Docebo Trading Up 0.5 %

Docebo stock opened at $31.66 on Friday. Docebo Inc. has a 52 week low of $26.00 and a 52 week high of $53.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $949.67 million, a price-to-earnings ratio of 54.59 and a beta of 1.59. The company has a 50 day moving average price of $30.41 and a 200 day moving average price of $40.31.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Morgan Stanley dropped their target price on Docebo from $43.00 to $41.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Needham & Company LLC restated a “buy” rating and issued a $42.00 price objective on shares of Docebo in a report on Thursday, April 10th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Scotiabank cut their price target on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. Finally, National Bankshares lowered their price objective on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.