Artisan Partners Limited Partnership Purchases Shares of 383,218 Docebo Inc. (NASDAQ:DCBO)

Artisan Partners Limited Partnership purchased a new stake in shares of Docebo Inc. (NASDAQ:DCBO) during the 4th quarter, HoldingsChannel reports. The fund purchased 383,218 shares of the company’s stock, valued at approximately $17,163,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DCBO. Quantbot Technologies LP acquired a new position in Docebo during the fourth quarter worth about $132,000. Barclays PLC bought a new position in shares of Docebo during the 3rd quarter valued at about $142,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Docebo in the 4th quarter worth approximately $348,000. Magnetar Financial LLC raised its holdings in shares of Docebo by 113.8% in the 4th quarter. Magnetar Financial LLC now owns 10,825 shares of the company’s stock worth $485,000 after purchasing an additional 5,761 shares in the last quarter. Finally, XTX Topco Ltd lifted its stake in Docebo by 63.6% during the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after purchasing an additional 4,350 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Trading Down 5.3 %

Shares of NASDAQ DCBO opened at $29.29 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a one year low of $27.61 and a one year high of $53.86. The business has a 50-day moving average price of $36.96 and a two-hundred day moving average price of $42.95. The firm has a market capitalization of $886.73 million, a PE ratio of 50.50 and a beta of 1.60.

Analyst Upgrades and Downgrades

DCBO has been the topic of several recent research reports. Morgan Stanley set a $43.00 price target on shares of Docebo in a research report on Friday, February 28th. UBS Group set a $45.00 target price on Docebo in a report on Tuesday, March 4th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. Finally, Scotiabank dropped their price target on Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $53.18.

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.