Docebo Inc. (NASDAQ:DCBO) Stock Position Raised by Marshall Wace LLP

Marshall Wace LLP lifted its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 196.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,507 shares of the company’s stock after buying an additional 94,414 shares during the period. Marshall Wace LLP owned 0.47% of Docebo worth $5,505,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. bought a new position in Docebo in the 4th quarter worth about $48,000. Virtu Financial LLC acquired a new stake in shares of Docebo in the 4th quarter worth approximately $262,000. XTX Topco Ltd acquired a new stake in shares of Docebo in the 2nd quarter worth approximately $264,000. 1832 Asset Management L.P. lifted its stake in Docebo by 60.0% during the second quarter. 1832 Asset Management L.P. now owns 8,000 shares of the company’s stock valued at $309,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Versor Investments LP acquired a new stake in Docebo during the second quarter valued at approximately $317,000. Institutional investors own 53.17% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DCBO. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price (up from $45.00) on shares of Docebo in a research note on Thursday, September 12th. Craig Hallum began coverage on shares of Docebo in a research note on Friday, June 7th. They set a “buy” rating and a $58.00 target price for the company. Finally, CIBC increased their target price on shares of Docebo from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.58.

Docebo Stock Down 1.3 %

Docebo stock opened at $43.64 on Wednesday. The firm has a market cap of $1.32 billion, a PE ratio of 198.36 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.11 and a current ratio of 1.11. The firm’s 50 day moving average price is $41.94 and its two-hundred day moving average price is $41.60. Docebo Inc. has a twelve month low of $33.81 and a twelve month high of $56.41.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $53.05 million during the quarter, compared to analyst estimates of $52.30 million. Docebo had a net margin of 8.56% and a return on equity of 29.82%. On average, research analysts predict that Docebo Inc. will post 0.79 EPS for the current fiscal year.

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.