Magnetar Financial LLC Raises Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Magnetar Financial LLC grew its stake in Docebo Inc. (NASDAQ:DCBO) by 113.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,825 shares of the company’s stock after acquiring an additional 5,761 shares during the quarter. Magnetar Financial LLC’s holdings in Docebo were worth $485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC purchased a new stake in shares of Docebo in the third quarter valued at $142,000. Y Intercept Hong Kong Ltd acquired a new position in Docebo in the fourth quarter valued at $348,000. XTX Topco Ltd increased its stake in Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after purchasing an additional 4,350 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Docebo in the third quarter valued at $921,000. Finally, Erste Asset Management GmbH acquired a new position in Docebo in the third quarter valued at $1,346,000. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DCBO has been the subject of several analyst reports. UBS Group set a $45.00 target price on Docebo in a research note on Tuesday, March 4th. Morgan Stanley set a $43.00 target price on Docebo in a research note on Friday, February 28th. Atb Cap Markets upgraded Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Scotiabank dropped their target price on Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Tuesday, March 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $53.18.

Docebo Trading Down 1.0 %

Shares of DCBO opened at $30.03 on Friday. The company has a market capitalization of $909.13 million, a P/E ratio of 51.78 and a beta of 1.60. Docebo Inc. has a one year low of $27.61 and a one year 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 stock has a 50-day moving average price of $38.14 and a 200 day moving average price of $43.35.

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.