Docebo Inc. (NASDAQ:DCBO) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 24.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,697 shares of the company’s stock after buying an additional 13,200 shares during the period. Acadian Asset Management LLC owned 0.22% of Docebo worth $2,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC boosted its stake in Docebo by 3.7% during the first quarter. Grandeur Peak Global Advisors LLC now owns 17,025 shares of the company’s stock worth $833,000 after buying an additional 600 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in Docebo in the fourth quarter valued at $48,000. Swiss National Bank raised its position in Docebo by 5.3% in the first quarter. Swiss National Bank now owns 30,225 shares of the company’s stock valued at $1,477,000 after purchasing an additional 1,525 shares during the period. TD Asset Management Inc raised its position in Docebo by 4.4% in the second quarter. TD Asset Management Inc now owns 109,570 shares of the company’s stock valued at $4,230,000 after purchasing an additional 4,580 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Docebo in the fourth quarter valued at $262,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Docebo Price Performance

DCBO stock opened at $42.47 on Friday. The business’s fifty day moving average price is $40.37 and its 200 day moving average price is $42.46. The company has a current ratio of 1.11, a quick ratio of 1.11 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 company has a market capitalization of $1.28 billion, a PE ratio of 193.05 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last issued its quarterly earnings results 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). Docebo had a return on equity of 29.82% and a net margin of 8.56%. The company had revenue of $53.05 million for the quarter, compared to analysts’ expectations of $52.30 million. On average, sell-side analysts anticipate that Docebo Inc. will post 0.79 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Craig Hallum assumed coverage on Docebo in a research report on Friday, June 7th. They issued a “buy” rating and a $58.00 target price on the stock. CIBC reduced their target price on Docebo from $53.00 to $44.00 and set an “outperformer” rating on the stock in a research report on Friday, June 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $50.00 target price (up previously from $45.00) on shares of Docebo in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.92.

Docebo 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.