Two Sigma Advisers LP Decreases Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Two Sigma Advisers LP lowered its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 5.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 32,700 shares of the company’s stock after selling 2,000 shares during the period. Two Sigma Advisers LP’s holdings in Docebo were worth $1,464,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in DCBO. State of Wyoming bought a new position in Docebo during the fourth quarter valued at approximately $275,000. Man Group plc purchased a new stake in Docebo during the 4th quarter valued at $1,768,000. Millennium Management LLC raised its stake in Docebo by 128.2% during the 4th quarter. Millennium Management LLC now owns 78,616 shares of the company’s stock valued at $3,521,000 after buying an additional 44,162 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Docebo by 88.2% during the 4th quarter. Lazard Asset Management LLC now owns 42,859 shares of the company’s stock valued at $1,918,000 after buying an additional 20,091 shares during the period. Finally, Graham Capital Management L.P. boosted its stake in shares of Docebo by 18.8% in the 4th quarter. Graham Capital Management L.P. now owns 20,359 shares of the company’s stock worth $911,000 after buying an additional 3,229 shares during the last quarter. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Wall Street Analysts Forecast Growth

DCBO has been the subject of a number of research reports. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 11th. UBS Group set a $45.00 price target on Docebo in a research note on Tuesday, March 4th. 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. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Docebo Stock Down 0.1%

DCBO stock opened at $26.97 on Friday. The business’s 50-day moving average price is $28.92 and its 200-day moving average price is $37.60. The stock has a market cap of $799.20 million, a P/E ratio of 46.50 and a beta of 1.57. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a twelve month low of $25.50 and a twelve month high of $53.86.

Docebo 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.