Brightcove Inc. (NASDAQ:BCOV - Get Free Report) major shareholder Edenbrook Capital, Llc bought 6,562 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average cost of $2.07 per share, for a total transaction of $13,583.34. Following the completion of the acquisition, the insider now owns 6,658,097 shares of the company's stock, valued at $13,782,260.79. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 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, October 21st, Edenbrook Capital, Llc acquired 3,500 shares of Brightcove stock. The stock was acquired at an average cost of $2.08 per share, for a total transaction of $7,280.00.
- On Thursday, September 26th, Edenbrook Capital, Llc bought 20,000 shares of Brightcove stock. The shares were acquired at an average cost of $2.07 per share, with a total value of $41,400.00.
- On Wednesday, September 18th, Edenbrook Capital, Llc purchased 2,096 shares of Brightcove stock. The stock was acquired at an average price of $2.00 per share, for a total transaction of $4,192.00.
- On Tuesday, September 10th, Edenbrook Capital, Llc acquired 5,230 shares of Brightcove stock. The shares were bought at an average cost of $2.04 per share, with a total value of $10,669.20.
- On Friday, September 6th, Edenbrook Capital, Llc bought 11,600 shares of Brightcove stock. The shares were bought at an average cost of $2.04 per share, with a total value of $23,664.00.
- On Monday, August 12th, Edenbrook Capital, Llc purchased 20,000 shares of Brightcove stock. The stock was bought at an average price of $1.98 per share, with a total value of $39,600.00.
- On Friday, August 9th, Edenbrook Capital, Llc acquired 30,000 shares of Brightcove stock. The shares were bought at an average price of $2.01 per share, for a total transaction of $60,300.00.
Brightcove Stock Down 2.8 %
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Shares of Brightcove stock opened at $2.08 on Wednesday. Brightcove Inc. has a 12 month low of $1.55 and a 12 month high of $3.10. The stock has a market cap of $92.73 million, a PE ratio of -9.45 and a beta of 0.74. The business has a fifty day simple moving average of $2.17 and a 200-day simple moving average of $2.13.
Brightcove (NASDAQ:BCOV - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.01. Brightcove had a negative return on equity of 8.86% and a negative net margin of 4.28%. The firm had revenue of $49.25 million during the quarter. During the same period in the prior year, the company posted ($0.07) earnings per share. Analysts expect that Brightcove Inc. will post -0.32 EPS for the current fiscal year.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Brightcove from a "hold" rating to a "buy" rating in a research report on Thursday, September 5th.
Read Our Latest Stock Analysis on BCOV
Institutional Trading of Brightcove
Institutional investors have recently made changes to their positions in the stock. Pitcairn Co. acquired a new stake in shares of Brightcove during the 1st quarter valued at $27,000. Price T Rowe Associates Inc. MD acquired a new stake in Brightcove during the first quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Brightcove in the first quarter valued at about $33,000. Aaron Wealth Advisors LLC acquired a new position in Brightcove in the 2nd quarter worth about $34,000. Finally, XTX Topco Ltd purchased a new stake in shares of Brightcove during the 2nd quarter worth about $36,000. 80.12% of the stock is currently owned by institutional investors and hedge funds.
Brightcove Company Profile
(
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.
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