Mackenzie Financial Corp Grows Stake in Docebo Inc. (NASDAQ:DCBO)

Mackenzie Financial Corp increased its holdings in Docebo Inc. (NASDAQ:DCBO - Free Report) by 4,534.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 322,454 shares of the company's stock after buying an additional 315,496 shares during the quarter. Mackenzie Financial Corp owned about 1.06% of Docebo worth $14,444,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Y Intercept Hong Kong Ltd bought a new stake in shares of Docebo in the fourth quarter worth approximately $348,000. Jane Street Group LLC purchased a new stake in Docebo in the fourth quarter worth approximately $621,000. Russell Investments Group Ltd. grew its position in Docebo by 102.1% in the 4th quarter. Russell Investments Group Ltd. now owns 28,689 shares of the company's stock worth $1,285,000 after purchasing an additional 14,496 shares during the period. Alberta Investment Management Corp grew its position in Docebo by 47.9% in the 4th quarter. Alberta Investment Management Corp now owns 57,279 shares of the company's stock worth $2,567,000 after purchasing an additional 18,544 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Docebo during the 4th quarter valued at $132,000. Hedge funds and other institutional investors own 53.17% of the company's stock.

Docebo Stock Performance

Shares of NASDAQ DCBO traded down $0.02 during trading on Friday, hitting $26.97. The company had a trading volume of 121,344 shares, compared to its average volume of 81,243. The stock has a 50 day simple moving average of $28.92 and a 200 day simple moving average of $37.51. The firm has a market capitalization of $799.20 million, a P/E ratio of 46.50 and a beta of 1.57. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.13. Docebo Inc. has a 12 month low of $25.50 and a 12 month high of $53.86.

Wall Street Analyst Weigh In

DCBO has been the topic of a number of research reports. UBS Group set a $45.00 price target on Docebo in a research note on Tuesday, March 4th. Wall Street Zen cut Docebo from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Needham & Company LLC reaffirmed a "buy" rating and set a $42.00 price target on shares of Docebo in a research report on Thursday, April 10th. Scotiabank lowered their price objective on shares of Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a research note on Monday, May 12th. Finally, National Bankshares cut their target price on shares of Docebo from $55.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $45.43.

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.