Docebo Inc. (NASDAQ:DCBO) Shares Sold by XTX Topco Ltd

XTX Topco Ltd lessened its stake in Docebo Inc. (NASDAQ:DCBO) by 12.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,956 shares of the company’s stock after selling 1,312 shares during the quarter. XTX Topco Ltd’s holdings in Docebo were worth $257,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DCBO. JPMorgan Chase & Co. boosted its holdings in shares of Docebo by 60.7% in the 4th quarter. JPMorgan Chase & Co. now owns 42,023 shares of the company’s stock valued at $1,881,000 after purchasing an additional 15,873 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Docebo by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock valued at $1,832,000 after purchasing an additional 360 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Docebo by 102.1% in the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company’s stock valued at $1,285,000 after purchasing an additional 14,496 shares during the last quarter. Advisory Services Network LLC lifted its holdings in shares of Docebo by 10.5% during the 4th quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock valued at $720,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Docebo by 33.3% during the 4th quarter. Jump Financial LLC now owns 8,320 shares of the company’s stock valued at $372,000 after acquiring an additional 2,080 shares in the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

Shares of DCBO stock opened at $31.16 on Tuesday. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. The firm has a market capitalization of $897.41 million, a P/E ratio of 45.16 and a beta of 1.48. The company’s fifty day moving average price is $28.87 and its two-hundred day moving average price is $31.19.

Analyst Ratings Changes

Several equities analysts recently weighed in on DCBO shares. Morgan Stanley lowered shares of Docebo from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $41.00 to $32.00 in a report on Monday, May 12th. Scotiabank reduced their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 11th. Wall Street Zen lowered shares of Docebo from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, National Bank Financial lowered shares of Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.