Intact Investment Management Inc. Has $3.17 Million Stock Holdings in Docebo Inc. (NASDAQ:DCBO)

Intact Investment Management Inc. cut its stake in Docebo Inc. (NASDAQ:DCBO) by 6.1% during the fourth quarter, HoldingsChannel reports. The fund owned 70,600 shares of the company’s stock after selling 4,600 shares during the quarter. Intact Investment Management Inc.’s holdings in Docebo were worth $3,165,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DCBO. Wellington Management Group LLP increased its stake in shares of Docebo by 1,047.0% in the third quarter. Wellington Management Group LLP now owns 599,976 shares of the company’s stock worth $26,518,000 after acquiring an additional 547,666 shares during the last quarter. Luxor Capital Group LP bought a new stake in Docebo in the third quarter worth $9,071,000. Warburg Pincus LLC boosted its holdings in Docebo by 5.7% in the third quarter. Warburg Pincus LLC now owns 3,546,597 shares of the company’s stock worth $156,760,000 after purchasing an additional 190,434 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Docebo by 39.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 329,152 shares of the company’s stock worth $14,741,000 after purchasing an additional 92,327 shares in the last quarter. Finally, Cumberland Partners Ltd bought a new stake in Docebo in the fourth quarter worth $2,138,000. 53.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCBO has been the subject of a number of recent research reports. UBS Group set a $45.00 price objective on shares of Docebo in a report on Tuesday, March 4th. Morgan Stanley set a $43.00 price objective on shares of Docebo in a report on Friday, February 28th. Scotiabank decreased their price objective on shares of Docebo from $55.00 to $45.00 and set a “sector outperform” rating for the company in a report on Tuesday, March 4th. Finally, Atb Cap Markets upgraded shares of Docebo from a “hold” rating to a “strong-buy” rating in a report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $53.18.

Docebo Stock Up 1.9 %

Shares of DCBO opened at $29.45 on Friday. The company has a 50-day simple moving average of $39.47 and a 200-day simple moving average of $43.82. The firm has a market capitalization of $891.75 million, a P/E ratio of 50.78 and a beta of 1.60. 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 52 week low of $27.61 and a 52 week high of $53.86.

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.