Barclays PLC Invests $142,000 in Docebo Inc. (NASDAQ:DCBO)

Barclays PLC acquired a new stake in Docebo Inc. (NASDAQ:DCBO) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,206 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Docebo by 2.3% in the third quarter. Geode Capital Management LLC now owns 40,543 shares of the company’s stock worth $1,791,000 after buying an additional 911 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Docebo during the 3rd quarter valued at $921,000. Luxor Capital Group LP purchased a new stake in Docebo during the 3rd quarter valued at $9,071,000. XTX Topco Ltd raised its stake in Docebo by 63.6% during the 3rd quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock valued at $495,000 after buying an additional 4,350 shares during the last quarter. Finally, Warburg Pincus LLC increased its stake in shares of Docebo by 5.7% in the 3rd 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 in the last quarter. 53.17% of the stock is currently owned by institutional investors.

Docebo Stock Performance

NASDAQ:DCBO opened at $43.06 on Thursday. The firm has a 50 day simple moving average of $46.53 and a 200-day simple moving average of $44.17. 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 has a market cap of $1.30 billion, a PE ratio of 74.24 and a beta of 1.56. Docebo Inc. has a 1-year low of $33.81 and a 1-year high of $56.41.

Wall Street Analysts Forecast Growth

DCBO has been the subject of several research reports. Craig Hallum increased their price objective on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Scotiabank raised their target price on shares of Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Finally, Needham & Company LLC lifted their price objective on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research note 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $57.36.

About Docebo

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.