Louisbourg Investments Inc. Buys 40,207 Shares of Docebo Inc. (NASDAQ:DCBO)

Louisbourg Investments Inc. increased its position in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 110.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 76,672 shares of the company's stock after buying an additional 40,207 shares during the quarter. Louisbourg Investments Inc. owned about 0.25% of Docebo worth $2,207,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of Docebo by 4,534.3% during the fourth quarter. Mackenzie Financial Corp now owns 322,454 shares of the company's stock worth $14,444,000 after purchasing an additional 315,496 shares during the period. Public Employees Retirement System of Ohio increased its stake 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 valued at $1,137,000 after purchasing an additional 4,506 shares in the last quarter. State of Wyoming bought a new stake in Docebo during the 4th quarter valued at $275,000. Man Group plc acquired a new position in Docebo during the fourth quarter worth $1,768,000. Finally, Millennium Management LLC lifted its stake in shares of Docebo by 128.2% in the fourth quarter. Millennium Management LLC now owns 78,616 shares of the company's stock valued at $3,521,000 after buying an additional 44,162 shares in the last quarter. 53.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCBO has been the subject of several recent research reports. Cantor Fitzgerald began coverage on shares of Docebo in a research report on Monday, June 9th. They set an "overweight" rating and a $35.00 target price for the company. Morgan Stanley downgraded Docebo from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $41.00 to $32.00 in a research note on Monday, May 12th. Atb Cap Markets downgraded Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a report on Friday, May 9th. Finally, Scotiabank decreased their price target on Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Docebo currently has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

Docebo Trading Down 1.2%

Shares of DCBO stock traded down $0.31 during trading on Friday, hitting $26.19. The company's stock had a trading volume of 75,132 shares, compared to its average volume of 78,745. The company has a market cap of $759.77 million, a PE ratio of 35.39 and a beta of 1.48. The business has a fifty day moving average of $28.33 and a 200-day moving average of $35.52. Docebo Inc. has a 52 week low of $25.50 and a 52 week high of $53.86.

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.