AEGON ASSET MANAGEMENT UK Plc Reduces Stock Position in Docebo Inc. (NASDAQ:DCBO)

AEGON ASSET MANAGEMENT UK Plc decreased its stake in shares of Docebo Inc. (NASDAQ:DCBO) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 183,241 shares of the company’s stock after selling 15,991 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.61% of Docebo worth $8,168,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in shares of Docebo by 1,047.0% in the 3rd 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. Luxor Capital Group LP acquired a new stake in Docebo during the third quarter worth about $9,071,000. Warburg Pincus LLC raised its stake in 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. Marshall Wace LLP boosted its holdings in Docebo by 196.3% in the 2nd quarter. Marshall Wace LLP now owns 142,507 shares of the company’s stock valued at $5,505,000 after purchasing an additional 94,414 shares during the last quarter. Finally, Rice Hall James & Associates LLC purchased a new stake in shares of Docebo in the 3rd quarter valued at approximately $3,907,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Analyst Ratings Changes

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

Docebo Stock Up 1.1 %

Shares of NASDAQ:DCBO opened at $43.21 on Friday. The firm has a market capitalization of $1.31 billion, a PE ratio of 74.50 and a beta of 1.56. Docebo Inc. has a 1 year low of $33.81 and a 1 year high of $56.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s 50-day moving average is $46.37 and its two-hundred day moving average is $44.24.

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.