Alberta Investment Management Corp Acquires 11,355 Shares of Docebo Inc. (NASDAQ:DCBO)

Key Points

• Alberta Investment Management Corp increased its stake in Docebo Inc. by 19.8%, acquiring an additional 11,355 shares, bringing its total ownership to approximately 68,634 shares valued at $1,974,000.
• Docebo's stock recently traded at $29.99 with a market capitalization of $863.71 million and has seen significant fluctuations over the past year, with a low of $25.50 and a high of $53.86.
• Recent analyst ratings show mixed sentiments, with Morgan Stanley downgrading Docebo from "overweight" to "equal weight" and several other brokerages adjusting their price targets downwards.

Alberta Investment Management Corp grew its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 19.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,634 shares of the company's stock after buying an additional 11,355 shares during the quarter. Alberta Investment Management Corp owned approximately 0.23% of Docebo worth $1,974,000 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 the business. Jane Street Group LLC bought a new stake in shares of Docebo in the 4th quarter valued at about $621,000. Rice Hall James & Associates LLC raised its holdings in shares of Docebo by 30.6% in the 1st quarter. Rice Hall James & Associates LLC now owns 143,949 shares of the company's stock valued at $4,133,000 after purchasing an additional 33,759 shares during the period. Millennium Management LLC raised its holdings in shares of Docebo by 128.2% in the 4th quarter. Millennium Management LLC now owns 78,616 shares of the company's stock valued at $3,521,000 after purchasing an additional 44,162 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Docebo by 102.1% in the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company's stock valued at $1,285,000 after purchasing an additional 14,496 shares during the period. Finally, Deutsche Bank AG acquired a new position in Docebo in the 4th quarter valued at about $242,000. 53.17% of the stock is owned by institutional investors.

Docebo Trading Down 1.0%

NASDAQ DCBO opened at $29.99 on Monday. The firm has a market capitalization of $863.71 million, a price-to-earnings ratio of 40.53 and a beta of 1.48. The firm's 50 day simple moving average is $28.44 and its 200 day simple moving average is $31.70. Docebo Inc. has a 1 year low of $25.50 and a 1 year high of $53.86.

Analyst Ratings Changes

A number of brokerages recently commented on DCBO. Morgan Stanley lowered shares of Docebo from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $41.00 to $32.00 in a research note on Monday, May 12th. Scotiabank decreased their price target on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Atb Cap Markets lowered shares of Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Needham & Company LLC restated a "buy" rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Finally, National Bankshares decreased their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Docebo has an average rating of "Moderate Buy" and an average price target of $44.13.

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.

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