Docebo Inc. (NASDAQ:DCBO) Stake Boosted by Long Path Partners LP

Long Path Partners LP increased its position in shares of Docebo Inc. (NASDAQ:DCBO) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 740,055 shares of the company’s stock after buying an additional 8,756 shares during the quarter. Docebo comprises about 10.7% of Long Path Partners LP’s holdings, making the stock its 3rd biggest position. Long Path Partners LP’s holdings in Docebo were worth $33,132,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in Docebo by 2.7% during the third quarter. The Manufacturers Life Insurance Company now owns 201,935 shares of the company’s stock valued at $8,917,000 after acquiring an additional 5,347 shares in the last quarter. Erste Asset Management GmbH bought a new stake in Docebo in the third quarter worth $1,346,000. Wellington Management Group LLP increased its position in Docebo by 1,047.0% during the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after buying an additional 547,666 shares during the last quarter. Warburg Pincus LLC raised its holdings in Docebo by 5.7% during the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock valued at $156,760,000 after buying an additional 190,434 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after buying an additional 4,350 shares during the last quarter. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCBO. Morgan Stanley set a $43.00 price objective on Docebo in a research note on Friday, February 28th. UBS Group set a $45.00 price objective on shares of Docebo in a research note on Tuesday, March 4th. Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Scotiabank cut their target price on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $53.18.

Docebo Price Performance

Docebo stock opened at $30.69 on Thursday. The business’s fifty day moving average is $36.18 and its two-hundred day moving average is $42.70. 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 firm has a market cap of $929.11 million, a P/E ratio of 52.91 and a beta of 1.60. Docebo Inc. has a 52 week low of $27.61 and a 52 week high of $53.86.

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.