Cubist Systematic Strategies LLC Takes Position in Docebo Inc. (NASDAQ:DCBO)

Cubist Systematic Strategies LLC purchased a new stake in Docebo Inc. (NASDAQ:DCBO) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,408 shares of the company’s stock, valued at approximately $780,000. Cubist Systematic Strategies LLC owned approximately 0.06% of Docebo at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DCBO. Hillsdale Investment Management Inc. lifted its holdings in shares of Docebo by 207.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company’s stock valued at $27,372,000 after purchasing an additional 412,403 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Docebo in the fourth quarter valued at about $17,163,000. TFJ Management LLC bought a new stake in shares of Docebo in the fourth quarter valued at about $12,138,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Docebo by 44.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company’s stock valued at $19,504,000 after purchasing an additional 134,867 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Docebo by 39.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company’s stock worth $14,741,000 after acquiring an additional 92,327 shares in the last quarter. 53.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DCBO has been the subject of several recent research reports. National Bankshares reduced their price target on Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. Atb Cap Markets cut Docebo from a “strong-buy” rating to a “hold” rating in a research report on Sunday. UBS Group set a $45.00 price target on Docebo in a research report on Tuesday, March 4th. Needham & Company LLC reissued a “buy” rating and set a $42.00 price target on shares of Docebo in a research report on Thursday, April 10th. Finally, National Bank Financial cut Docebo from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.43.

Docebo Stock Performance

DCBO opened at $26.48 on Thursday. Docebo Inc. has a 12-month low of $25.50 and a 12-month high of $53.86. The stock has a market cap of $786.16 million, a price-to-earnings ratio of 45.66 and a beta of 1.57. The business has a 50 day moving average of $29.72 and a 200-day moving average of $39.42. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.01.

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.