Alberta Investment Management Corp Acquires 18,544 Shares of Docebo Inc. (NASDAQ:DCBO)

Alberta Investment Management Corp boosted its holdings in shares of Docebo Inc. (NASDAQ:DCBO) by 47.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,279 shares of the company’s stock after buying an additional 18,544 shares during the quarter. Alberta Investment Management Corp owned about 0.19% of Docebo worth $2,567,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of DCBO. Rice Hall James & Associates LLC acquired a new position in shares of Docebo during the 3rd quarter valued at about $3,907,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in Docebo by 7.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 236,825 shares of the company’s stock worth $10,449,000 after purchasing an additional 15,800 shares during the period. Intact Investment Management Inc. acquired a new position in Docebo during the third quarter valued at approximately $3,319,000. Long Path Partners LP raised its position in shares of Docebo by 6.6% in the third quarter. Long Path Partners LP now owns 731,299 shares of the company’s stock valued at $32,323,000 after purchasing an additional 45,022 shares during the period. Finally, Luxor Capital Group LP acquired a new stake in shares of Docebo in the third quarter worth $9,071,000. 53.17% of the stock is currently owned by institutional investors.

Docebo Price Performance

Shares of NASDAQ:DCBO opened at $40.23 on Friday. The firm has a market capitalization of $1.22 billion, a PE ratio of 69.36 and a beta of 1.55. 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 Inc. has a 1-year low of $33.81 and a 1-year high of $56.41. The business’s 50 day moving average is $43.72 and its 200-day moving average is $44.74.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DCBO. Needham & Company LLC raised their target price on shares of Docebo from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Craig Hallum raised their price target on Docebo from $58.00 to $62.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Atb Cap Markets raised Docebo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 4th. Finally, Scotiabank increased their target price on Docebo from $50.00 to $55.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Docebo currently has a consensus rating of “Buy” and an average target price of $57.36.

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.