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

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

A number of other institutional investors have also added to or reduced their stakes in DCBO. Hillsdale Investment Management Inc. grew its position in Docebo by 207.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock worth $27,372,000 after purchasing an additional 412,403 shares in the last quarter. Artisan Partners Limited Partnership bought a new stake in Docebo in the 4th quarter worth about $17,163,000. Mackenzie Financial Corp grew its position in Docebo by 4,534.3% in the 4th 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 in the last quarter. TFJ Management LLC bought a new stake in Docebo in the 4th quarter worth about $12,138,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Docebo by 44.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 435,548 shares of the company's stock worth $19,504,000 after purchasing an additional 134,867 shares in the last quarter. 53.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DCBO shares. Needham & Company LLC restated a "buy" rating and set a $42.00 price target on shares of Docebo in a research note on Thursday, April 10th. National Bankshares decreased their price target on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. National Bank Financial lowered shares of Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. Morgan Stanley lowered shares of Docebo from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Finally, Scotiabank decreased their price target on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating for the company in a research note on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $44.13.

Docebo Stock Up 3.2%

DCBO opened at $27.04 on Tuesday. The company has a 50 day moving average of $28.54 and a 200 day moving average of $35.80. The company has a market cap of $784.35 million, a PE ratio of 46.62 and a beta of 1.48. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Docebo Company 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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