Docebo Inc. (NASDAQ:DCBO) Shares Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lifted its stake in shares of Docebo Inc. (NASDAQ:DCBO - Free Report) by 30.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 143,949 shares of the company's stock after acquiring an additional 33,759 shares during the period. Rice Hall James & Associates LLC owned 0.48% of Docebo worth $4,133,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Intact Investment Management Inc. boosted its stake in shares of Docebo by 45.3% during the first quarter. Intact Investment Management Inc. now owns 102,600 shares of the company's stock valued at $2,951,000 after acquiring an additional 32,000 shares during the last quarter. Louisbourg Investments Inc. boosted its stake in Docebo by 110.3% in the 1st quarter. Louisbourg Investments Inc. now owns 76,672 shares of the company's stock worth $2,207,000 after buying an additional 40,207 shares during the last quarter. Mackenzie Financial Corp boosted its stake 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 buying an additional 315,496 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Docebo by 21.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 25,363 shares of the company's stock worth $1,137,000 after buying an additional 4,506 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Docebo in the 4th quarter worth about $275,000. Institutional investors and hedge funds own 53.17% of the company's stock.

Docebo Trading Up 1.4%

DCBO stock traded up $0.41 during midday trading on Thursday, hitting $29.97. 42,193 shares of the company's stock were exchanged, compared to its average volume of 79,028. Docebo Inc. has a 12-month low of $25.50 and a 12-month high of $53.86. The firm has a 50 day moving average price of $27.48 and a 200-day moving average price of $32.82. The stock has a market capitalization of $869.43 million, a price-to-earnings ratio of 40.50 and a beta of 1.48.

Analyst Ratings Changes

DCBO has been the topic of a number of research analyst reports. Atb Cap Markets lowered Docebo from a "strong-buy" rating to a "hold" rating in a research note on Sunday, May 11th. Wall Street Zen lowered Docebo from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. National Bank Financial lowered Docebo from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 9th. National Bankshares cut their price objective on Docebo from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Finally, Scotiabank cut their price objective on Docebo from $45.00 to $40.00 and set a "sector outperform" rating on the stock in a report on Monday, May 12th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $44.13.

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.