Lazard Asset Management LLC Acquires 20,091 Shares of Docebo Inc. (NASDAQ:DCBO)

Lazard Asset Management LLC lifted its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 88.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 42,859 shares of the company’s stock after purchasing an additional 20,091 shares during the period. Lazard Asset Management LLC owned about 0.14% of Docebo worth $1,918,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Long Path Partners LP grew its holdings in shares of Docebo by 1.2% during the 4th quarter. Long Path Partners LP now owns 740,055 shares of the company’s stock valued at $33,132,000 after purchasing an additional 8,756 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Docebo by 207.6% during the 4th 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 during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Docebo by 44.9% during the 4th 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 during the last quarter. Artisan Partners Limited Partnership bought a new position in shares of Docebo during the 4th quarter valued at $17,163,000. Finally, American Century Companies Inc. grew its holdings in shares of Docebo by 27.6% during the 4th quarter. American Century Companies Inc. now owns 337,777 shares of the company’s stock valued at $15,147,000 after purchasing an additional 73,149 shares during the last quarter. Institutional investors own 53.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of Docebo in a report on Thursday, April 10th. National Bank Financial lowered shares of Docebo from an “outperform” rating to a “sector perform” rating in a report on Friday, May 9th. Atb Cap Markets lowered shares of Docebo from a “strong-buy” rating to a “hold” rating in a report on Sunday, May 11th. Morgan Stanley lowered shares of Docebo from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $41.00 to $32.00 in a report on Monday, May 12th. Finally, Scotiabank cut their price target 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Docebo presently has an average rating of “Moderate Buy” and a consensus target price of $45.43.

Docebo Trading Up 1.0%

Shares of DCBO opened at $26.71 on Friday. The firm’s 50-day moving average price is $29.59 and its 200-day moving average price is $39.10. The firm has a market capitalization of $791.50 million, a price-to-earnings ratio of 46.05 and a beta of 1.57. 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 1-year low of $25.50 and a 1-year high of $53.86.

Docebo 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.