Aristides Capital LLC Invests $277,000 in Docebo Inc. (NASDAQ:DCBO)

Aristides Capital LLC bought a new position in shares of Docebo Inc. (NASDAQ:DCBO) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 7,161 shares of the company’s stock, valued at approximately $277,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new stake in Docebo during the 2nd quarter worth about $189,000. The Manufacturers Life Insurance Company raised its holdings in Docebo by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 196,588 shares of the company’s stock worth $7,581,000 after acquiring an additional 1,058 shares in the last quarter. Millennium Management LLC boosted its position in Docebo by 43.0% during the second quarter. Millennium Management LLC now owns 179,685 shares of the company’s stock valued at $6,940,000 after purchasing an additional 54,057 shares during the last quarter. Marshall Wace LLP grew its stake in Docebo by 196.3% in the second 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 in the last quarter. Finally, Long Path Partners LP increased its position in shares of Docebo by 73.0% during the 2nd quarter. Long Path Partners LP now owns 686,277 shares of the company’s stock worth $26,511,000 after purchasing an additional 289,524 shares during the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on DCBO. Needham & Company LLC reissued a “buy” rating and issued a $50.00 target price (up from $45.00) on shares of Docebo in a research note on Thursday, September 12th. Craig Hallum initiated coverage on shares of Docebo in a research note on Friday, June 7th. They set a “buy” rating and a $58.00 price objective on the stock. Finally, CIBC raised 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 research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.58.

Docebo Trading Down 0.4 %

DCBO stock opened at $44.20 on Tuesday. Docebo Inc. has a 52 week low of $33.81 and a 52 week high of $56.41. 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 company’s 50-day simple moving average is $41.84 and its 200 day simple moving average is $41.66. The company has a market capitalization of $1.34 billion, a PE ratio of 200.91 and a beta of 1.55.

Docebo (NASDAQ:DCBO) last announced its earnings results on Thursday, August 8th. The company reported $0.19 EPS 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 business had revenue of $53.05 million for the quarter, compared to the consensus estimate of $52.30 million. As a group, sell-side analysts anticipate that Docebo Inc. will post 0.79 earnings per share for the current year.

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.