Man Group plc Purchases New Stake in Docebo Inc. (NASDAQ:DCBO)

Man Group plc purchased a new stake in shares of Docebo Inc. (NASDAQ:DCBO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,448 shares of the company’s stock, valued at approximately $1,768,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in Docebo by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 40,903 shares of the company’s stock valued at $1,832,000 after buying an additional 360 shares during the period. Grandeur Peak Global Advisors LLC boosted its position in Docebo by 3.6% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 11,525 shares of the company’s stock worth $517,000 after purchasing an additional 400 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Docebo by 46.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after purchasing an additional 949 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of Docebo by 10.5% in the fourth quarter. Advisory Services Network LLC now owns 16,065 shares of the company’s stock worth $720,000 after purchasing an additional 1,526 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Docebo by 33.3% in the fourth quarter. Jump Financial LLC now owns 8,320 shares of the company’s stock worth $372,000 after purchasing an additional 2,080 shares in the last quarter. Institutional investors own 53.17% of the company’s stock.

Docebo Price Performance

DCBO stock opened at $26.26 on Friday. The firm has a 50 day moving average of $29.29 and a 200-day moving average of $38.42. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. The firm has a market capitalization of $778.16 million, a P/E ratio of 45.28 and a beta of 1.57.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DCBO. Morgan Stanley downgraded shares of Docebo from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Atb Cap Markets downgraded shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 11th. Needham & Company LLC reiterated a “buy” rating and issued a $42.00 target price on shares of Docebo in a research note on Thursday, April 10th. UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Finally, Scotiabank reduced their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating for the company in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.43.

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.