Louisbourg Investments Inc. Acquires 35,000 Shares of Docebo Inc. $DCBO

Key Points

• Louisbourg Investments Inc. increased its stake in Docebo Inc. by 45.6% during the second quarter, acquiring an additional 35,000 shares, bringing its total ownership to approximately 111,672 shares valued at $3,231,000.
• Numerous institutional investors, including Public Employees Retirement System of Ohio and Acadian Asset Management LLC, have increased their holdings in Docebo, resulting in over 53% of the stock being owned by institutional investors.
• Analysts have given Docebo a consensus rating of "Moderate Buy", with Zacks Research upgrading their rating to "strong-buy" and an average price target of $41.67 for the stock.

Louisbourg Investments Inc. lifted its holdings in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 45.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,672 shares of the company's stock after acquiring an additional 35,000 shares during the period. Louisbourg Investments Inc. owned approximately 0.38% of Docebo worth $3,231,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Employees Retirement System of Ohio grew its position in Docebo by 7.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company's stock worth $331,000 after purchasing an additional 783 shares in the last quarter. Nicola Wealth Management LTD. bought a new stake in Docebo in the 1st quarter worth about $3,424,000. Acadian Asset Management LLC grew its position in Docebo by 74.6% in the 1st quarter. Acadian Asset Management LLC now owns 217,825 shares of the company's stock worth $6,246,000 after purchasing an additional 93,090 shares in the last quarter. AYAL Capital Advisors Ltd grew its position in Docebo by 39.7% in the 1st quarter. AYAL Capital Advisors Ltd now owns 175,602 shares of the company's stock worth $5,042,000 after purchasing an additional 49,902 shares in the last quarter. Finally, PDT Partners LLC grew its position in Docebo by 74.3% in the 1st quarter. PDT Partners LLC now owns 14,794 shares of the company's stock worth $425,000 after purchasing an additional 6,305 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DCBO. Zacks Research raised shares of Docebo from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. TD Securities began coverage on shares of Docebo in a research report on Friday, October 3rd. They issued a "buy" rating and a $37.00 price objective for the company. Wall Street Zen raised shares of Docebo from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. TD Cowen reaffirmed a "buy" rating and issued a $37.00 price objective on shares of Docebo in a research report on Friday, October 3rd. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Docebo in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.67.

Docebo Stock Down 2.8%

Docebo stock opened at $26.67 on Friday. Docebo Inc. has a twelve month low of $25.50 and a twelve month high of $53.86. The firm has a 50 day moving average price of $29.92 and a 200-day moving average price of $29.17. The company has a market capitalization of $766.23 million, a P/E ratio of 38.65 and a beta of 1.45. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.01.

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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