5 Small-Cap AI Stocks

3. Docebo Inc. (NASDAQ: DCBO)

Number of Hedge Fund Holders: 10

Docebo Inc. (NASDAQ: DCBO) is a Toronto-based cloud-based management system provider that was founded in 2005. It is placed third on our list of 10 small-cap AI stocks. The company creates an AI-powered platform that allows clients to consolidate learning materials from colleagues and speed up the learning process across enterprise team members. In March 2021, the Canadian AI firm recently launched its new multi-learning product suite, Docebo Learning Analytics, a business intelligence tool that assists enterprises in data extraction and analysis.

The company has a market cap of $1.7 billion. Shares of DCBO jumped 187% over the past twelve months. The company’s revenue in the first quarter of 2021 came in at $21.7 million, an increase of 60.7% from $12.2 million in the first quarter of 2020. Docebo is presently being used by 2,333 customers, up from 1,831 at the end of March 31, 2020. Docebo Inc. joined Amazon.com, Inc.’s (NASDAQ: AMZN) AWS ISV Partner Path in March 2021, giving the firm access to AWS’s resources and partner network, expanding Docebo’s scope and reach, primarily in rising EMEA regions. The 52-week price range of Docebo Inc. (NASDAQ: DCBO) is $37.21 – $68. On March 15, initiated a Buy rating on Docebo Inc. with a price target of $57 per share. As of June 4, the stock closed at $52.02 a share. Shares of DCBO increased 187% over the past twelve months.