Bank of America Corp DE Acquires 10,203 Shares of Docebo Inc. (NASDAQ:DCBO)

Bank of America Corp DE grew its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 32.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,981 shares of the company’s stock after buying an additional 10,203 shares during the quarter. Bank of America Corp DE’s holdings in Docebo were worth $1,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DCBO. Quantbot Technologies LP bought a new stake in Docebo during the 4th quarter worth about $132,000. Tower Research Capital LLC TRC lifted its position in Docebo by 46.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,983 shares of the company’s stock worth $134,000 after buying an additional 949 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Docebo during the 4th quarter worth about $255,000. Aquatic Capital Management LLC bought a new stake in Docebo during the 4th quarter worth about $327,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Docebo during the 4th quarter worth about $348,000. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DCBO has been the topic of a number of research analyst reports. Scotiabank dropped their target price on shares of Docebo from $45.00 to $40.00 and set a “sector outperform” rating on the stock in a report on Monday, May 12th. UBS Group set a $45.00 target price on shares of Docebo in a research note on Tuesday, March 4th. Wall Street Zen downgraded shares of Docebo from a “buy” rating to a “hold” rating in a research note on Thursday, May 22nd. National Bankshares cut their target price on shares of Docebo from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, National Bank Financial downgraded shares of Docebo from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $45.43.

Docebo Stock Up 0.8%

DCBO stock opened at $27.05 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $801.57 million, a PE ratio of 46.64 and a beta of 1.57. Docebo Inc. has a 1-year low of $25.50 and a 1-year high of $53.86. The business’s 50 day simple moving average is $28.77 and its 200 day simple moving average is $37.23.

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.