Edenbrook Capital, Llc Acquires 6,562 Shares of Brightcove Inc. (NASDAQ:BCOV) Stock

Brightcove Inc. (NASDAQ:BCOV) major shareholder Edenbrook Capital, Llc acquired 6,562 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was acquired at an average price of $2.07 per share, with a total value of $13,583.34. Following the completion of the acquisition, the insider now directly owns 6,658,097 shares of the company’s stock, valued at $13,782,260.79. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Major 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 Monday, October 21st, Edenbrook Capital, Llc purchased 3,500 shares of Brightcove stock. The stock was bought at an average cost of $2.08 per share, with a total value of $7,280.00.
• On Thursday, September 26th, Edenbrook Capital, Llc acquired 20,000 shares of Brightcove stock. The shares were bought at an average cost of $2.07 per share, for a total transaction of $41,400.00.
• On Wednesday, September 18th, Edenbrook Capital, Llc acquired 2,096 shares of Brightcove stock. The stock was bought at an average cost of $2.00 per share, for a total transaction of $4,192.00.
• On Tuesday, September 10th, Edenbrook Capital, Llc bought 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 purchased 11,600 shares of Brightcove stock. The stock was purchased at an average cost of $2.04 per share, for a total transaction of $23,664.00.
• On Monday, August 12th, Edenbrook Capital, Llc acquired 20,000 shares of Brightcove stock. The shares were purchased at an average cost of $1.98 per share, with a total value of $39,600.00.
• On Friday, August 9th, Edenbrook Capital, Llc bought 30,000 shares of Brightcove stock. The stock was purchased at an average price of $2.01 per share, for a total transaction of $60,300.00.

Brightcove Trading Up 1.0 %

BCOV opened at $2.10 on Thursday. The business has a 50 day moving average of $2.17 and a 200-day moving average of $2.13. The stock has a market capitalization of $93.62 million, a price-to-earnings ratio of -9.55 and a beta of 0.74. Brightcove Inc. has a 1-year low of $1.55 and a 1-year high of $3.10.

Brightcove (NASDAQ:BCOV) last announced its quarterly earnings data on Wednesday, August 7th. The software maker reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.01. Brightcove had a negative net margin of 4.28% and a negative return on equity of 8.86%. The business had revenue of $49.25 million during the quarter. During the same period in the prior year, the company posted ($0.07) EPS. Equities analysts predict that Brightcove Inc. will post -0.32 EPS for the current year.

Institutional Trading of Brightcove

Several institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Brightcove in the 2nd quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Brightcove in the second quarter valued at about $142,000. Nantahala Capital Management LLC acquired a new position in Brightcove in the second quarter worth about $3,114,000. Lynrock Lake LP lifted its stake in Brightcove by 2.3% during the second quarter. Lynrock Lake LP now owns 4,407,745 shares of the software maker’s stock worth $10,446,000 after purchasing an additional 100,000 shares during the period. Finally, Mackenzie Financial Corp boosted its holdings in Brightcove by 11.0% during the second quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock valued at $145,000 after purchasing an additional 6,095 shares in the last quarter. Institutional investors and hedge funds own 80.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Brightcove from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th.

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.