Mackenzie Financial Corp Has $9.72 Million Stake in Docebo Inc. $DCBO

Mackenzie Financial Corp lowered its position in shares of Docebo Inc. (NASDAQ:DCBO) by 12.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 335,017 shares of the company’s stock after selling 46,139 shares during the period. Mackenzie Financial Corp owned about 1.17% of Docebo worth $9,716,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DCBO. Employees Retirement System of Texas acquired a new stake in shares of Docebo during the second quarter valued at about $44,000. Aigen Investment Management LP bought a new position in Docebo in the 1st quarter valued at approximately $263,000. 1832 Asset Management L.P. raised its holdings in Docebo by 112.6% in the 1st quarter. 1832 Asset Management L.P. now owns 10,631 shares of the company’s stock valued at $305,000 after buying an additional 5,631 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Docebo by 29.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 11,294 shares of the company’s stock worth $327,000 after buying an additional 2,546 shares during the period. Finally, Public Employees Retirement System of Ohio grew its holdings in Docebo by 7.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,444 shares of the company’s stock worth $331,000 after acquiring an additional 783 shares during the last quarter. 53.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. CIBC dropped their price target on shares of Docebo from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Zacks Research cut shares of Docebo from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Wall Street Zen raised Docebo from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Needham & Company LLC cut their target price on Docebo from $42.00 to $38.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, TD Cowen reiterated a “buy” rating and issued a $37.00 price target on shares of Docebo in a research report on Friday, October 3rd. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.20.

Docebo Stock Up 3.3%

Docebo stock opened at $21.32 on Wednesday. The company has a market capitalization of $612.74 million, a PE ratio of 28.81 and a beta of 1.45. Docebo Inc. has a 12-month low of $20.20 and a 12-month high of $50.80. The firm’s fifty day moving average is $25.01 and its 200 day moving average is $27.76. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.05.

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.