Docebo Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:DCBO Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
27 Nov 25	BuyUS$68,148,521	Intercap Inc.	Company	3,630,715	US$18.77
16 May 25	BuyUS$75,165	Alessio Artuffo	Individual	2,845	US$26.42
04 Mar 25	BuyUS$7,852,951	Warburg Pincus LLC	Company	362,840	US$21.65

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of DCBO?
Owner Type	Number of Shares	Ownership Percentage
State or Government	5,329	0.0183%
Individual Insiders	101,296	0.347%
Institutions	9,139,028	31.3%
VC/PE Firms	19,916,679	68.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 97.75% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
56.6%	Intercap Inc.	16,285,964	US$263.8m	0%	no data
12.6%	Warburg Pincus LLC	3,630,715	US$58.8m	0%	2.59%
5.45%	Beutel Goodman & Company Ltd.	1,566,943	US$25.4m	40.3%	0.15%
3.81%	Cat Rock Capital Management LP	1,094,869	US$17.7m	0%	2.79%
3.39%	Long Path Partners, LP	975,088	US$15.8m	-3.95%	2.36%
3.03%	Topline Capital Management, LLC	871,299	US$14.1m	170%	1.93%
1.84%	Arrowstreet Capital, Limited Partnership	529,549	US$8.6m	-4.48%	0.01%
1.52%	Wellington Management Group LLP	437,595	US$7.1m	1.2%	no data
1.28%	BMO Asset Management Corp.	369,376	US$6.0m	-6.62%	no data
1.02%	Mackenzie Financial Corporation	293,092	US$4.7m	0%	no data
0.89%	Fidelity International Ltd	255,518	US$4.1m	16.1%	no data
0.79%	IG Investment Management, Ltd.	225,775	US$3.7m	0%	0.01%
0.74%	Millennium Management LLC	213,444	US$3.5m	137%	no data
0.72%	D. E. Shaw & Co., L.P.	206,538	US$3.3m	-7.85%	no data
0.48%	Morgan Stanley	138,536	US$2.2m	101%	no data
0.46%	Geode Capital Management, LLC	133,668	US$2.2m	11%	no data
0.44%	Dimensional Fund Advisors LP	125,171	US$2.0m	-6.13%	no data
0.41%	Two Sigma Investments, LP	118,077	US$1.9m	-26.6%	no data
0.4%	Renaissance Technologies LLC	115,031	US$1.9m	-10.9%	no data
0.35%	Les Placements Louisbourg Inc.	101,672	US$1.6m	-8.95%	0.34%
0.35%	Essex Investment Management Company, LLC	101,003	US$1.6m	-2.27%	0.28%
0.33%	State Street Global Advisors, Inc.	95,578	US$1.5m	1.6%	no data
0.32%	The Goldman Sachs Group, Inc.	93,111	US$1.5m	-33.5%	no data
0.27%	K2 & Associates Investment Management Inc.	76,910	US$1.2m	-3.75%	0.45%
0.2%	Two Sigma Advisers, LP	57,200	US$926.4k	-4.98%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/19 11:58
End of Day Share Price	2026/02/19 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Docebo Inc. is covered by 19 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Martin Toner	ATB Cormark
Gavin Fairweather	ATB Cormark Historical (Cormark Securities)
Phillip Leytes	Berenberg