Renaissance Group LLC Takes Position in Docebo Inc. $DCBO

Renaissance Group LLC acquired a new position in shares of Docebo Inc. (NASDAQ:DCBO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,179 shares of the company’s stock, valued at approximately $1,071,000. Renaissance Group LLC owned about 0.14% of Docebo at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Employees Retirement System of Texas acquired a new stake in shares of Docebo during the second quarter worth $44,000. TD Waterhouse Canada Inc. raised its stake in Docebo by 39.5% during the third quarter. TD Waterhouse Canada Inc. now owns 6,380 shares of the company’s stock worth $172,000 after acquiring an additional 1,805 shares during the period. JPMorgan Chase & Co. raised its stake in Docebo by 29.1% during the second quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after acquiring an additional 2,546 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Docebo by 55.8% in the second quarter. Balyasny Asset Management L.P. now owns 14,034 shares of the company’s stock worth $406,000 after acquiring an additional 5,029 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Docebo by 10.9% in the second quarter. BNP Paribas Financial Markets now owns 26,560 shares of the company’s stock valued at $769,000 after acquiring an additional 2,607 shares during the period. Institutional investors own 53.17% of the company’s stock.

Wall Street Analyst Weigh In

DCBO has been the topic of a number of research reports. ATB Capital upgraded Docebo to an “outperform” rating in a research report on Wednesday, December 10th. Morgan Stanley lowered their price objective on Docebo from $34.00 to $28.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Wall Street Zen lowered Docebo from a “buy” rating to a “hold” rating in a research report on Saturday. Canadian Imperial Bank of Commerce reduced their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Oppenheimer restated an “outperform” rating and set a $25.00 price target on shares of Docebo in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.64.

Docebo Trading Up 0.3%

Shares of DCBO stock opened at $19.08 on Friday. Docebo Inc. has a 1 year low of $18.11 and a 1 year high of $43.40. The firm has a market capitalization of $548.55 million, a PE ratio of 25.78 and a beta of 1.40. The stock has a fifty day moving average of $20.96 and a two-hundred day moving average of $25.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.13 and a current ratio of 1.13.

Docebo Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.