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Brightcove Inc. (NASDAQ:BCOV – Get Rating) major shareholder Edenbrook Capital, Llc acquired 2,300 shares of the firm’s stock in a transaction dated Wednesday, June 15th. The shares were bought at an average cost of $6.43 per share, with a total value of $14,789.00. Following the completion of the acquisition, the insider now directly owns 4,803,814 shares of the company’s stock, valued at $30,888,524.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Edenbrook Capital, Llc also recently made the following trade(s):
- On Monday, June 13th, Edenbrook Capital, Llc acquired 10 shares of Brightcove stock. The shares were bought at an average cost of $6.51 per share, with a total value of $65.10.
- On Monday, May 23rd, Edenbrook Capital, Llc acquired 3 shares of Brightcove stock. The shares were bought at an average cost of $6.75 per share, with a total value of $20.25.
- On Friday, May 20th, Edenbrook Capital, Llc acquired 2,973 shares of Brightcove stock. The shares were bought at an average cost of $6.85 per share, with a total value of $20,365.05.
- On Wednesday, May 18th, Edenbrook Capital, Llc bought 485 shares of Brightcove stock. The shares were acquired at an average cost of $6.85 per share, with a total value of $3,322.25.
- On Monday, May 16th, Edenbrook Capital, Llc bought 16,000 shares of Brightcove stock. The shares were acquired at an average cost of $6.88 per share, with a total value of $110,080.00.
- On Monday, May 9th, Edenbrook Capital, Llc bought 5,400 shares of Brightcove stock. The shares were acquired at an average cost of $6.72 per share, with a total value of $36,288.00.
- On Thursday, May 5th, Edenbrook Capital, Llc bought 9,581 shares of Brightcove stock. The shares were acquired at an average cost of $6.79 per share, with a total value of $65,054.99.
- On Wednesday, April 27th, Edenbrook Capital, Llc bought 4,900 shares of Brightcove stock. The shares were acquired at an average cost of $6.62 per share, with a total value of $32,438.00.
Shares of BCOV traded up $0.06 during mid-day trading on Wednesday, reaching $6.52. The stock had a trading volume of 161,309 shares, compared to its average volume of 196,622. The firm has a market cap of $270.92 million, a price-to-earnings ratio of -219.67 and a beta of 0.80. Brightcove Inc. has a 12 month low of $6.41 and a 12 month high of $14.80. The business has a fifty day moving average of $7.10 and a 200 day moving average of $8.23.
Brightcove (NASDAQ:BCOV – Get Rating) last posted its quarterly earnings results on Wednesday, April 27th. The software maker reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The business had revenue of $53.38 million during the quarter, compared to analyst estimates of $50.57 million. Brightcove had a negative net margin of 0.65% and a positive return on equity of 3.99%. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, equities analysts anticipate that Brightcove Inc. will post -0.04 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of BCOV. Federated Hermes Inc. boosted its position in shares of Brightcove by 162.0% during the first quarter. Federated Hermes Inc. now owns 2,205,445 shares of the software maker’s stock worth $17,202,000 after acquiring an additional 1,363,779 shares during the last quarter. Lynrock Lake LP bought a new position in shares of Brightcove during the fourth quarter worth $7,947,000. Trigran Investments Inc. boosted its position in shares of Brightcove by 13.4% during the first quarter. Trigran Investments Inc. now owns 6,106,058 shares of the software maker’s stock worth $47,627,000 after acquiring an additional 722,280 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of Brightcove during the fourth quarter worth $3,158,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of Brightcove by 3,776.8% during the fourth quarter. BNP Paribas Arbitrage SA now owns 299,288 shares of the software maker’s stock worth $3,059,000 after acquiring an additional 291,568 shares during the last quarter. Hedge funds and other institutional investors own 84.67% of the company’s stock.
BCOV has been the subject of a number of research reports. Lake Street Capital reaffirmed a “hold” rating and set a $9.00 target price (down from $14.00) on shares of Brightcove in a report on Thursday, February 17th. TheStreet lowered shares of Brightcove from a “c” rating to a “d” rating in a research report on Friday, April 29th. Finally, StockNews.com upgraded shares of Brightcove from a “hold” rating to a “buy” rating in a research report on Sunday, May 15th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Brightcove currently has an average rating of “Buy” and an average price target of $20.67.
Brightcove Company Profile (Get Rating)
Brightcove Inc provides cloud-based services for video. Its flagship product includes Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also offers Brightcove Live, a solution for live streaming; Brightcove Beacon, an application that enables companies to launch over-the-top video experiences on multiple monetization models; Brightcove Player, a video player technology with a cloud-based service for creating and managing experiences; and Zencoder, a cloud-based video encoding technology.
- Get a free copy of the StockNews.com research report on Brightcove (BCOV)
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