Docebo (DCBO)

• Market cap: $875M
• 1 day: -2.36%
• 5 days: -9.03%
• 1 month: -31.94%
• 3 months: -42.47%
• 6 months: -31.93%
• Year to date: -36.17%
• 1 year: -43.95%
• 5 years: -42.18%
• 10 years: -42.18%
• Sector: Information Technology
• Industry: Prepackaged Software

About: Docebo Inc is a provider of cloud-based learning management systems. The solutions provided by the company allow learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning to multiple internal, external, and blended audiences. The group provides an easy-to-use, configurable, and affordable learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners, and customers. The majority of the revenue is derived from customers based in North America.

Employees: 900

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

144% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 9

90% more call options, than puts

Call options by funds: $1M | Put options by funds: $528K

25% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 5 (+1) [Q4]

13% more funds holding

Funds holding: 98 [Q3] → 111 (+13) [Q4]

9% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 35

2% more capital invested

Capital invested by funds: $561M [Q3] → $573M (+$11.6M) [Q4]

0.2% more ownership

Funds ownership: 41.91% [Q3] → 42.11% (+0.2%) [Q4]

Research analyst outlook

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

• Low target: $45 56% upside
• Avg. target: $45 56% upside
• High target: $45 56% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Scotiabank Kevin Krishnaratne 13% 1-year accuracy 1 / 8 met price target

56% upside $45

Sector Outperform Maintained

4 Mar 2025