Docebo Inc. (NASDAQ:DCBO) Shares Bought by Long Path Partners LP

Long Path Partners LP increased its position in Docebo Inc. (NASDAQ:DCBO) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 740,055 shares of the company’s stock after acquiring an additional 8,756 shares during the period. Docebo makes up 10.7% of Long Path Partners LP’s portfolio, making the stock its 3rd biggest position. Long Path Partners LP owned approximately 2.44% of Docebo worth $33,132,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in shares of Docebo in the fourth quarter valued at approximately $132,000. Barclays PLC bought a new position in Docebo in the 3rd quarter worth approximately $142,000. Y Intercept Hong Kong Ltd acquired a new stake in Docebo in the 4th quarter valued at approximately $348,000. Magnetar Financial LLC raised its stake in Docebo by 113.8% during the 4th quarter. Magnetar Financial LLC now owns 10,825 shares of the company’s stock valued at $485,000 after acquiring an additional 5,761 shares in the last quarter. Finally, XTX Topco Ltd boosted its position in Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after acquiring an additional 4,350 shares during the period. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Up 3.8 %

NASDAQ:DCBO opened at $30.69 on Thursday. Docebo Inc. has a 1-year low of $27.61 and a 1-year high of $53.86. The firm has a market capitalization of $929.11 million, a price-to-earnings ratio of 52.91 and a beta of 1.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The business’s fifty day moving average price is $36.18 and its 200 day moving average price is $42.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DCBO shares. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. UBS Group set a $45.00 price target on shares of Docebo in a research report on Tuesday, March 4th. Scotiabank decreased their price objective 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, Morgan Stanley set a $43.00 price objective on shares of Docebo in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Docebo presently has an average rating of “Buy” and a consensus price target of $53.18.

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.