Mackenzie Financial Corp Buys 315,496 Shares of Docebo Inc. (NASDAQ:DCBO)

Mackenzie Financial Corp lifted its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 4,534.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hillsdale Investment Management Inc. lifted its position in Docebo by 207.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 611,085 shares of the company's stock valued at $27,372,000 after buying an additional 412,403 shares during the period. Artisan Partners Limited Partnership purchased a new position in Docebo during the 4th quarter valued at about $17,163,000. TFJ Management LLC bought a new stake in Docebo during the fourth quarter worth about $12,138,000. Arrowstreet Capital Limited Partnership grew its holdings in Docebo by 44.9% in the fourth 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Docebo by 39.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company's stock valued at $14,741,000 after purchasing an additional 92,327 shares in the last quarter. 53.17% of the stock is currently owned by hedge funds and other institutional investors.

Docebo Trading Up 0.4%

Docebo stock traded up $0.12 during midday trading on Thursday, hitting $26.99. 67,558 shares of the stock were exchanged, compared to its average volume of 81,848. The stock has a market capitalization of $799.79 million, a price-to-earnings ratio of 46.53 and a beta of 1.57. Docebo Inc. has a fifty-two week low of $25.50 and a fifty-two week high of $53.86. The stock's 50-day simple moving average is $29.08 and its 200 day simple moving average is $37.92. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of analysts have recently commented on DCBO shares. UBS Group set a $45.00 price target on Docebo in a research report on Tuesday, March 4th. Needham & Company LLC reissued a "buy" rating and issued a $42.00 target price on shares of Docebo in a report on Thursday, April 10th. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 9th. Morgan Stanley cut shares of Docebo from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $41.00 to $32.00 in a research note on Monday, May 12th. Finally, National Bankshares reduced their price objective 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. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently 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.