Brightcove Inc. (NASDAQ:BCOV - Get Free Report) major shareholder Edenbrook Capital, Llc purchased 10,000 shares of the business's stock in a transaction on Monday, April 15th. The shares were purchased at an average cost of $1.68 per share, for a total transaction of $16,800.00. Following the transaction, the insider now directly owns 6,465,802 shares of the company's stock, valued at approximately $10,862,547.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Friday, April 12th, Edenbrook Capital, Llc acquired 6,351 shares of Brightcove stock. The stock was acquired at an average cost of $1.70 per share, with a total value of $10,796.70.
- On Wednesday, April 10th, Edenbrook Capital, Llc bought 5,000 shares of Brightcove stock. The shares were acquired at an average price of $1.80 per share, for a total transaction of $9,000.00.
- On Tuesday, April 2nd, Edenbrook Capital, Llc bought 5,190 shares of Brightcove stock. The stock was acquired at an average price of $1.85 per share, with a total value of $9,601.50.
- On Wednesday, March 20th, Edenbrook Capital, Llc purchased 30,000 shares of Brightcove stock. The shares were acquired at an average price of $1.88 per share, for a total transaction of $56,400.00.
Brightcove Price Performance
Elon’s New Device is About to Shock the World
From InvestorPlace | Ad
Using this device you see above…
Elon Musk just tested a new type of A.I. that according to Wired Magazine will usher in…
“The next step in human evolution.”
Click here to see the details because there’s a lot of money at stake.
Shares of NASDAQ BCOV opened at $1.70 on Thursday. The company has a 50-day moving average price of $1.99 and a 200-day moving average price of $2.38. The stock has a market capitalization of $75.50 million, a P/E ratio of -3.15 and a beta of 0.68. Brightcove Inc. has a 1 year low of $1.63 and a 1 year high of $4.56.
Brightcove (NASDAQ:BCOV - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.02. The business had revenue of $50.16 million for the quarter. Brightcove had a negative net margin of 11.38% and a negative return on equity of 17.02%. As a group, equities research analysts anticipate that Brightcove Inc. will post -0.33 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have weighed in on BCOV shares. Lake Street Capital reaffirmed a "hold" rating and issued a $3.00 price target on shares of Brightcove in a research note on Friday, February 23rd. Rosenblatt Securities decreased their price objective on Brightcove from $7.50 to $5.00 and set a "buy" rating for the company in a report on Friday, February 23rd. Finally, StockNews.com raised Brightcove from a "hold" rating to a "buy" rating in a research report on Friday, March 22nd.
Get Our Latest Stock Analysis on BCOV
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Brightcove by 386.1% during the first quarter. Tower Research Capital LLC TRC now owns 6,237 shares of the software maker's stock valued at $28,000 after purchasing an additional 4,954 shares in the last quarter. Jane Street Group LLC purchased a new stake in Brightcove in the 4th quarter valued at about $53,000. Zebra Capital Management LLC bought a new position in shares of Brightcove during the 1st quarter worth approximately $81,000. Ameriprise Financial Inc. purchased a new position in shares of Brightcove in the 3rd quarter worth approximately $35,000. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of Brightcove in the fourth quarter valued at approximately $27,000. Institutional investors own 80.12% of the company's stock.
About Brightcove
(
Get Free Report)
Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company's solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
