Aquatic Capital Management LLC Invests $327,000 in Docebo Inc. (NASDAQ:DCBO)

Aquatic Capital Management LLC acquired a new stake in shares of Docebo Inc. (NASDAQ:DCBO) during the fourth quarter, Holdings Channel.com reports. The fund acquired 7,297 shares of the company’s stock, valued at approximately $327,000.

Several other large investors have also recently added to or reduced their stakes in DCBO. Barclays PLC purchased a new position in shares of Docebo during the 3rd quarter valued at $142,000. Geode Capital Management LLC grew 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 valued at $1,791,000 after purchasing an additional 911 shares in the last quarter. Rice Hall James & Associates LLC increased its position in Docebo by 24.7% in the 4th quarter. Rice Hall James & Associates LLC now owns 110,190 shares of the company’s stock worth $4,933,000 after purchasing an additional 21,806 shares during the last quarter. Alberta Investment Management Corp lifted its holdings in shares of Docebo by 47.9% during the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company’s stock valued at $2,567,000 after buying an additional 18,544 shares during the last quarter. Finally, Cumberland Partners Ltd bought a new stake in shares of Docebo in the 4th quarter valued at approximately $2,138,000. Institutional investors and hedge funds own 53.17% of the company’s stock.

Wall Street Analyst Weigh In

DCBO has been the topic of several recent research reports. Scotiabank cut their price objective on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, March 4th. Atb Cap Markets raised shares of Docebo from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 28th. Morgan Stanley lowered their target price on shares of Docebo from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. UBS Group set a $45.00 price target on Docebo in a research report on Tuesday, March 4th. Finally, National Bankshares decreased their price target on Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Docebo has an average rating of “Buy” and a consensus price target of $50.45.

Docebo Stock Performance

DCBO opened at $31.66 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $40.31. The firm has a market capitalization of $949.67 million, a P/E ratio of 54.59 and a beta of 1.59. Docebo Inc. has a 12-month low of $26.00 and a 12-month high of $53.86.

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.