Alberta Investment Management Corp Buys 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 lifted its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 19.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,634 shares of the company's stock after buying an additional 11,355 shares during the period. Alberta Investment Management Corp owned approximately 0.23% of Docebo worth $1,974,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp lifted its position in shares of Docebo by 18.2% during the 1st quarter. Mackenzie Financial Corp now owns 381,156 shares of the company's stock worth $10,962,000 after buying an additional 58,702 shares during the last quarter. TFJ Management LLC purchased a new stake in shares of Docebo in the 4th quarter worth about $12,138,000. The Manufacturers Life Insurance Company lifted its holdings in Docebo by 17.1% in the 4th quarter. The Manufacturers Life Insurance Company now owns 236,432 shares of the company's stock valued at $10,616,000 after purchasing an additional 34,497 shares in the last quarter. Barrier Capital Management LLC lifted its holdings in Docebo by 5.6% in the 4th quarter. Barrier Capital Management LLC now owns 198,298 shares of the company's stock valued at $8,878,000 after purchasing an additional 10,576 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in 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 in the last quarter. 53.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DCBO shares. Needham & Company LLC reissued a "buy" rating and set a $42.00 target price on shares of Docebo in a research report on Thursday, April 10th. Morgan Stanley lowered Docebo from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $41.00 to $32.00 in a report on Monday, May 12th. Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research report on Sunday, May 11th. National Bankshares lowered their price objective on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Cantor Fitzgerald initiated coverage on Docebo in a research report on Monday, June 9th. They set an "overweight" rating and a $35.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $44.13.

Docebo Trading Down 3.9%

Docebo stock traded down $1.17 during midday trading on Thursday, reaching $28.99. The stock had a trading volume of 46,708 shares, compared to its average volume of 85,969. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a market capitalization of $834.94 million, a P/E ratio of 39.14 and a beta of 1.48. The company has a fifty day moving average price of $28.67 and a two-hundred day moving average price of $31.60.

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.