Skandinaviska Enskilda Banken AB publ Acquires New Shares in Brightcove Inc. (NASDAQ:BCOV)

Skandinaviska Enskilda Banken AB publ acquired a new stake in Brightcove Inc. (NASDAQ:BCOV) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 36,398 shares of the software maker’s stock, valued at approximately $159,000.

Several other institutional investors and hedge funds have also modified their holdings of BCOV. JPMorgan Chase & Co. lifted its stake in shares of Brightcove by 99.3% in the 3rd 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 during the last quarter. R Squared Ltd acquired a new position in Brightcove during the 4th quarter worth $90,000. Bailard Inc. acquired a new position in Brightcove during the 4th quarter worth $156,000. Jacobs Levy Equity Management Inc. lifted its position in Brightcove by 1,124.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock worth $530,000 after acquiring an additional 225,482 shares during the last quarter. Finally, ABC Arbitrage SA acquired a new position in Brightcove during the 4th quarter worth $1,038,000. Institutional investors and hedge funds own 80.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Brightcove in a research report on Sunday. They set a “buy” rating for the company. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $4.45 price objective (down previously from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Stock Performance

Shares of BCOV opened at $4.45 on Wednesday. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $3.53. The firm has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. Brightcove Inc. has a 52 week low of $1.55 and a 52 week high of $4.46.

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.