Barclays PLC Purchases New Stake in Docebo Inc. (NASDAQ:DCBO)

Barclays PLC purchased a new stake in Docebo Inc. (NASDAQ:DCBO) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 3,206 shares of the company’s stock, valued at approximately $142,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Warburg Pincus LLC raised its holdings in shares of Docebo by 5.7% during the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares during the period. Long Path Partners LP grew its position in shares of Docebo by 6.6% during the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock worth $32,323,000 after acquiring an additional 45,022 shares during the last quarter. Wellington Management Group LLP grew its position in shares of 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 acquiring an additional 547,666 shares during the last quarter. Bank of Montreal Can grew its position in shares of Docebo by 23.1% during the second quarter. Bank of Montreal Can now owns 371,690 shares of the company’s stock worth $14,198,000 after acquiring an additional 69,787 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Docebo by 7.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after acquiring an additional 15,800 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Scotiabank upped their price target on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum upped their price target on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC increased their target price on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.36.

Docebo Stock Performance

Docebo stock opened at $43.06 on Thursday. The stock has a 50-day simple moving average of $46.53 and a 200 day simple moving average of $44.17. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 12-month low of $33.81 and a 12-month high of $56.41. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 74.24 and a beta of 1.56.

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.