Point72 Asset Management L.P. Invests $189,000 in Docebo Inc. (NASDAQ:DCBO)

Point72 Asset Management L.P. bought a new stake in shares of Docebo Inc. (NASDAQ:DCBO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,900 shares of the company’s stock, valued at approximately $189,000.

Several other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd lifted its holdings in shares of Docebo by 327.4% during the 4th quarter. Quadrature Capital Ltd now owns 140,600 shares of the company’s stock valued at $6,810,000 after purchasing an additional 107,700 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in Docebo in the second quarter valued at about $843,000. Lord Abbett & CO. LLC boosted its holdings in Docebo by 54.4% in the first quarter. Lord Abbett & CO. LLC now owns 149,590 shares of the company’s stock worth $7,327,000 after acquiring an additional 52,681 shares in the last quarter. Bank of Montreal Can grew its stake 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, Acadian Asset Management LLC increased its holdings in shares of Docebo by 109.0% during the first quarter. Acadian Asset Management LLC now owns 53,497 shares of the company’s stock valued at $2,611,000 after acquiring an additional 27,897 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCBO has been the subject of a number of recent analyst reports. CIBC lifted their target price on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective (up from $45.00) on shares of Docebo in a research note on Thursday, September 12th. 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.58.

Docebo Stock Performance

NASDAQ DCBO opened at $43.36 on Friday. Docebo Inc. has a fifty-two week low of $33.81 and a fifty-two 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 firm has a market capitalization of $1.31 billion, a P/E ratio of 197.09 and a beta of 1.55. The stock has a 50-day simple moving average of $42.23 and a two-hundred day simple moving average of $41.56.

Docebo (NASDAQ:DCBO) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company had revenue of $53.05 million during the quarter, compared to analysts’ expectations of $52.30 million. Docebo had a return on equity of 29.82% and a net margin of 8.56%. On average, equities analysts forecast 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.