Docebo (DCBO)

• Market cap: $1.39B
• 1 day: -0.30%
• 5 days: -6.40%
• 1 month: -7.16%
• 3 months: 1.21%
• 6 months: 24.90%
• Year to date: 2.47%
• 1 year: -10.76%
• 5 years: -7.90%
• 10 years: -7.90%

About: Docebo Inc is a provider of cloud-based learning management systems.. The solutions provided by the company are sold on a subscription model and subscriptions are typically structured with an initial fixed term of between one and three years, without the ability for customers to terminate for convenience. The company charges its customers based on a per-learner, per-module basis, varying depending on the size of the organization and complexity. The majority of the revenue is derived from customers based in North America.

Employees: 900

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

8% more capital invested

Capital invested by funds: $516M [Q2] → $559M (+$42.5M) [Q3]

0.88% more ownership

Funds ownership: 40.82% [Q2] → 41.7% (+0.88%) [Q3]

0% more funds holding

Funds holding: 97 [Q2] → 97 (+0) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 19

17% less call options, than puts

Call options by funds: $1.55M | Put options by funds: $1.87M

21% less repeat investments, than reductions

Existing positions increased: 27 | Existing positions reduced: 34

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55 19% upside
• Avg. target: $59 28% upside
• High target: $62 35% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

Craig-Hallum George Sutton 79% 1-year accuracy 22 / 28 met price target	35% upside $62	Buy Maintained	11 Nov 2024
Needham Ryan MacDonald 56% 1-year accuracy 38 / 68 met price target	30% upside $60	Buy Maintained	8 Nov 2024
Scotiabank Kevin Krishnaratne 75% 1-year accuracy 6 / 8 met price target	19% upside $55	Sector Outperform Maintained	24 Oct 2024