Y Intercept Hong Kong Ltd Buys Shares of 7,783 Docebo Inc. (NASDAQ:DCBO)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Docebo Inc. (NASDAQ:DCBO) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,783 shares of the company’s stock, valued at approximately $348,000.

Several other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of Docebo during the 3rd quarter valued at about $35,000. Barclays PLC purchased a new stake in shares of Docebo in the third quarter valued at $142,000. XTX Topco Ltd boosted its position in shares of Docebo by 63.6% in the third quarter. XTX Topco Ltd now owns 11,191 shares of the company’s stock worth $495,000 after buying an additional 4,350 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Docebo during the third quarter valued at $921,000. Finally, Erste Asset Management GmbH purchased a new stake in shares of Docebo in the third quarter worth approximately $1,346,000. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC raised their price target on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 4th. Finally, Craig Hallum boosted their price target on shares of Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $56.60.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $33.02 on Tuesday. 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 stock has a market capitalization of $999.85 million, a P/E ratio of 56.93 and a beta of 1.55. The business has a 50-day moving average of $42.16 and a two-hundred day moving average of $44.64. Docebo Inc. has a fifty-two week low of $27.61 and a fifty-two week high of $54.74.

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.