Renaissance Group LLC Invests $1.07 Million in Docebo Inc. $DCBO

Renaissance Group LLC acquired a new stake in shares of Docebo Inc. (NASDAQ:DCBO) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 39,179 shares of the company’s stock, valued at approximately $1,071,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Long Path Partners LP lifted its position in Docebo by 30.5% in the second quarter. Long Path Partners LP now owns 1,176,750 shares of the company’s stock worth $34,055,000 after purchasing an additional 275,176 shares during the period. Beutel Goodman & Co Ltd. bought a new stake in shares of Docebo in the 2nd quarter worth $7,189,000. Royal Bank of Canada lifted its holdings in shares of Docebo by 467.1% in the first quarter. Royal Bank of Canada now owns 158,340 shares of the company’s stock valued at $4,546,000 after buying an additional 130,419 shares during the period. Man Group plc boosted its stake in Docebo by 118.8% during the second quarter. Man Group plc now owns 131,699 shares of the company’s stock valued at $3,810,000 after buying an additional 71,499 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in Docebo by 21.6% during the second quarter. Bank of Montreal Can now owns 399,152 shares of the company’s stock worth $11,577,000 after acquiring an additional 70,827 shares during the period. Institutional investors own 53.17% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DCBO. National Bankshares cut their price target on shares of Docebo from $31.00 to $24.00 and set a “sector perform” rating for the company in a report on Thursday, January 22nd. Zacks Research downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $38.00 target price on shares of Docebo in a research note on Thursday, January 29th. Morgan Stanley decreased their price target on shares of Docebo from $34.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Monday, November 10th. Finally, Cantor Fitzgerald dropped their price target on Docebo from $35.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Docebo currently has an average rating of “Moderate Buy” and an average target price of $33.64.

Docebo Stock Up 0.3%

DCBO stock opened at $19.08 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $548.55 million, a P/E ratio of 25.78 and a beta of 1.40. Docebo Inc. has a 52-week low of $18.11 and a 52-week high of $43.40. The company’s 50 day simple moving average is $20.96 and its 200-day simple moving average is $25.45.

Docebo Company Profile

Docebo is a cloud-based learning management system (LMS) provider that offers enterprise organizations a comprehensive platform for employee, customer and partner training. The company’s software is designed to streamline learning and development with features such as AI-powered content recommendations, automated learning paths and social collaboration tools. Docebo’s platform supports multiple languages and integrates with a variety of third-party applications, enabling businesses to deliver training at scale across different departments and regions.

Founded in 2005 and headquartered in Toronto, Canada, Docebo has expanded its footprint to serve customers in North America, Europe, the Middle East and the Asia Pacific region.