Intact Investment Management Inc. Makes New $1.44 Million Investment in Docebo Inc. (NASDAQ:DCBO)

Intact Investment Management Inc. acquired a new position in shares of Docebo Inc. (NASDAQ:DCBO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 29,720 shares of the company’s stock, valued at approximately $1,435,000. Intact Investment Management Inc. owned about 0.10% of Docebo at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. lifted its holdings in Docebo by 4.7% during the third quarter. Cidel Asset Management Inc. now owns 18,530 shares of the company’s stock worth $755,000 after buying an additional 838 shares during the period. Raymond James & Associates lifted its holdings in Docebo by 15.0% during the fourth quarter. Raymond James & Associates now owns 9,840 shares of the company’s stock worth $476,000 after buying an additional 1,282 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Docebo by 56.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,238 shares of the company’s stock worth $173,000 after buying an additional 1,528 shares during the period. Pathway Financial Advisors LLC purchased a new stake in Docebo during the third quarter worth $203,000. Finally, Aigen Investment Management LP purchased a new stake in Docebo during the third quarter worth $266,000. 53.17% of the stock is owned by institutional investors.

Docebo Stock Performance

DCBO traded up $0.72 during midday trading on Friday, hitting $44.72. 41,300 shares of the company were exchanged, compared to its average volume of 57,835. The company’s 50 day simple moving average is $48.99 and its 200 day simple moving average is $46.61. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 496.94 and a beta of 1.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.01. Docebo Inc. has a 1-year low of $29.40 and a 1-year high of $56.41.

Docebo (NASDAQ:DCBO) last announced its quarterly earnings results on Friday, February 23rd. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.12. Docebo had a return on equity of 12.45% and a net margin of 1.57%. The company had revenue of $49.28 million for the quarter, compared to the consensus estimate of $48.46 million. As a group, sell-side analysts predict that Docebo Inc. will post 0.81 earnings per share for the current year.

Analyst Upgrades and Downgrades

DCBO has been the subject of several analyst reports. Eight Capital decreased their price objective on Docebo from $75.00 to $65.00 and set a “buy” rating for the company in a report on Monday, February 26th. Stifel Nicolaus increased their price objective on Docebo from $60.00 to $70.00 and gave the company a “buy” rating in a report on Monday, February 26th. Morgan Stanley decreased their price objective on Docebo from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, April 19th. Canaccord Genuity Group increased their price objective on Docebo from $50.00 to $65.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Scotiabank increased their price objective on Docebo from $60.00 to $65.00 and gave the company a “sector outperform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Docebo presently has an average rating of “Moderate Buy” and a consensus price target of $61.40.

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.