Rice Hall James & Associates LLC Has $4.93 Million Stock Position in Docebo Inc. (NASDAQ:DCBO)

Rice Hall James & Associates LLC increased its position in shares of Docebo Inc. (NASDAQ:DCBO) by 24.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,190 shares of the company’s stock after acquiring an additional 21,806 shares during the quarter. Rice Hall James & Associates LLC owned about 0.36% of Docebo worth $4,933,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Warburg Pincus LLC raised its holdings in Docebo by 5.7% during the 3rd quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares during the last quarter. Long Path Partners LP raised its stake in shares of Docebo by 6.6% during the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock worth $32,323,000 after buying an additional 45,022 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock valued at $26,518,000 after buying an additional 547,666 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Docebo by 7.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock valued at $10,449,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Luxor Capital Group LP acquired a new stake in Docebo during the 3rd quarter worth $9,071,000. Institutional investors own 53.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Scotiabank raised their price target on Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Needham & Company LLC raised their target price on Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Craig Hallum boosted their target price on Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Docebo has an average rating of “Buy” and a consensus price target of $57.36.

Docebo Stock Down 0.5 %

Shares of DCBO stock opened at $42.26 on Tuesday. Docebo Inc. has a 12-month low of $33.81 and a 12-month high of $56.41. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a fifty day moving average of $44.24 and a 200-day moving average of $44.75. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 72.86 and a beta of 1.55.

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.