Two Sigma Investments LP Acquires 72,496 Shares of Brightcove Inc. (NASDAQ:BCOV)

Two Sigma Investments LP grew its holdings in Brightcove Inc. (NASDAQ:BCOV) by 21.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 418,479 shares of the software maker’s stock after purchasing an additional 72,496 shares during the quarter. Two Sigma Investments LP owned approximately 0.92% of Brightcove worth $1,820,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of Brightcove by 99.3% during the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after purchasing an additional 15,291 shares in the last quarter. ABC Arbitrage SA purchased a new stake in Brightcove during the fourth quarter worth $1,038,000. AMH Equity Ltd boosted its position in Brightcove by 1.5% during the 4th quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock valued at $2,208,000 after acquiring an additional 7,513 shares in the last quarter. Bailard Inc. bought a new stake in Brightcove during the 4th quarter valued at $156,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Brightcove in the 4th quarter valued at $159,000. Institutional investors own 80.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on Brightcove in a research note on Monday, May 19th. They set a “buy” rating for the company.

Brightcove Price Performance

Shares of Brightcove stock opened at $4.45 on Tuesday. The firm’s 50 day moving average price is $4.45 and its 200-day moving average price is $4.37. Brightcove Inc. has a 52-week low of $1.94 and a 52-week high of $4.46. The company has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Brightcove Company Profile

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.