Intact Investment Management Inc. Acquires 32,000 Shares of Docebo Inc. (NASDAQ:DCBO)

Intact Investment Management Inc. grew its position in Docebo Inc. (NASDAQ:DCBO - Free Report) by 45.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 102,600 shares of the company's stock after buying an additional 32,000 shares during the period. Intact Investment Management Inc. owned approximately 0.34% of Docebo worth $2,951,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in DCBO. Louisbourg Investments Inc. grew its stake in Docebo by 110.3% in the first quarter. Louisbourg Investments Inc. now owns 76,672 shares of the company's stock valued at $2,207,000 after acquiring an additional 40,207 shares during the period. Mackenzie Financial Corp lifted its stake in Docebo by 4,534.3% in the 4th quarter. Mackenzie Financial Corp now owns 322,454 shares of the company's stock valued at $14,444,000 after acquiring an additional 315,496 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Docebo by 21.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 25,363 shares of the company's stock worth $1,137,000 after acquiring an additional 4,506 shares during the last quarter. State of Wyoming acquired a new stake in shares of Docebo in the fourth quarter valued at approximately $275,000. Finally, Man Group plc bought a new stake in shares of Docebo in the fourth quarter worth $1,768,000. Institutional investors own 53.17% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on DCBO shares. Cantor Fitzgerald initiated coverage on shares of Docebo in a research note on Monday, June 9th. They set an "overweight" rating and a $35.00 price objective for the company. National Bankshares lowered their target price on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. National Bank Financial cut Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $42.00 price objective on shares of Docebo in a report on Thursday, April 10th. Finally, Scotiabank lowered their price objective on Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research report on Monday, May 12th. Four 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.com, the company has an average rating of "Moderate Buy" and a consensus target price of $44.13.

Docebo Trading Down 1.0%

NASDAQ:DCBO traded down $0.28 on Wednesday, hitting $27.16. The company had a trading volume of 63,286 shares, compared to its average volume of 78,591. Docebo Inc. has a 52 week low of $25.50 and a 52 week high of $53.86. The stock has a market capitalization of $787.91 million, a price-to-earnings ratio of 31.54 and a beta of 1.48. The firm has a 50 day moving average of $28.16 and a two-hundred day moving average of $34.94.

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.