Warburg Pincus LLC Acquires 190,434 Shares of Docebo Inc. (NASDAQ:DCBO)

Warburg Pincus LLC raised its holdings in Docebo Inc. (NASDAQ:DCBO) by 5.7% during the third quarter, HoldingsChannel reports. The firm owned 3,546,597 shares of the company’s stock after buying an additional 190,434 shares during the period. Docebo comprises about 8.0% of Warburg Pincus LLC’s investment portfolio, making the stock its 4th biggest holding. Warburg Pincus LLC owned about 0.12% of Docebo worth $156,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in shares of Docebo in the third quarter valued at about $35,000. Point72 Asset Management L.P. purchased a new stake in Docebo during the second quarter worth about $189,000. Riverwater Partners LLC purchased a new stake in Docebo during the third quarter worth about $200,000. Pathway Financial Advisors LLC purchased a new stake in Docebo during the third quarter worth about $221,000. Finally, XTX Topco Ltd purchased a new stake in Docebo during the second quarter worth about $264,000. Hedge funds and other institutional investors own 53.17% of the company’s stock.

Docebo Stock Performance

NASDAQ:DCBO opened at $49.60 on Friday. The firm has a 50 day simple moving average of $46.88 and a 200-day simple moving average of $42.11. 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 firm has a market cap of $1.50 billion, a PE ratio of 85.52 and a beta of 1.55. Docebo Inc. has a 1-year low of $33.81 and a 1-year high of $56.41.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. CIBC boosted their price objective on shares of Docebo from $44.00 to $52.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Atb Cap Markets cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Craig Hallum lifted their target price on shares of Docebo from $58.00 to $62.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Needham & Company LLC lifted their target price on shares of Docebo from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Scotiabank lifted their target price on shares of Docebo from $50.00 to $55.00 and gave the stock a “sector outperform” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $57.36.

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.