Brightcove Inc. (NASDAQ:BCOV – Get Rating) major shareholder Edenbrook Capital, Llc purchased 4,900 shares of the stock in a transaction dated Wednesday, April 27th. The shares were purchased at an average price of $6.62 per share, with a total value of $32,438.00. Following the completion of the acquisition, the insider now owns 4,732,619 shares of the company’s stock, valued at $31,329,937.78. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of BCOV stock opened at $7.19 on Friday. The firm’s 50 day moving average price is $7.42 and its two-hundred day moving average price is $9.10. Brightcove Inc. has a fifty-two week low of $6.52 and a fifty-two week high of $16.87. The stock has a market cap of $298.59 million, a price-to-earnings ratio of 55.31 and a beta of 0.77.
Brightcove (NASDAQ:BCOV – Get Rating) last posted its earnings results on Wednesday, April 27th. The software maker reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.14. Brightcove had a net margin of 2.56% and a return on equity of 7.40%. During the same quarter in the previous year, the company earned $0.10 EPS. On average, research analysts anticipate that Brightcove Inc. will post -0.1 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of BCOV. First Manhattan Co. lifted its position in shares of Brightcove by 400.0% during the third quarter. First Manhattan Co. now owns 2,500 shares of the software maker’s stock worth $28,000 after purchasing an additional 2,000 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Brightcove during the third quarter worth $44,000. Macquarie Group Ltd. acquired a new position in shares of Brightcove during the third quarter worth $45,000. Royal Bank of Canada lifted its position in shares of Brightcove by 56.0% during the third quarter. Royal Bank of Canada now owns 4,296 shares of the software maker’s stock worth $49,000 after purchasing an additional 1,543 shares in the last quarter. Finally, Citigroup Inc. lifted its position in shares of Brightcove by 90.4% during the third quarter. Citigroup Inc. now owns 5,439 shares of the software maker’s stock worth $63,000 after purchasing an additional 2,583 shares in the last quarter. 83.33% of the stock is currently owned by institutional investors and hedge funds.
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.
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