2 weeks Ago By Defense World Staff
Rhumbline Advisers reduced its holdings in shares of Brightcove Inc. ( NASDAQ:BCOV – Free Report ) by 65.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The fund owned 23,753 shares of the software maker’s stock after selling 44,131 shares during the quarter. Rhumbline Advisers owned 0.05% of Brightcove worth $56,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Acadian Asset Management LLC lifted its holdings in shares of Brightcove by 12.5% in the first quarter.
Acadian Asset Management LLC now owns 801,459 shares of the software maker’s stock worth $1,553,000 after acquiring an additional 88,935 shares during the last quarter. First Eagle Investment Management LLC acquired a new stake in Brightcove in the first quarter valued at approximately $642,000. GSA Capital Partners LLP boosted its position in Brightcove by 151.
0% in the first quarter. GSA Capital Partners LLP now owns 225,176 shares of the software maker’s stock valued at $437,000 after buying an additional 135,462 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Brightcove by 26.
6% during the first quarter. BNP Paribas Financial Markets now owns 107,074 shares of the software maker’s stock worth $208,000 after buying an additional 22,466 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its stake in shares of Brightcove by 12.
4% during the first quarter. Quadrature Capital Ltd now owns 84,963 shares of the software maker’s stock valued at $165,000 after purchasing an additional 9,353 shares in the last quarter. 80.
12% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Separately, StockNews.com upgraded shares of Brightcove from a “hold” rating to a “buy” rating in a report on Thursday, September 5th.
Insider Transactions at Brightcove In other Brightcove news, major shareholder Edenbrook Capital, Llc purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $2.07 per share, with a total value of $41,400.
00. Following the transaction, the insider now owns 6,651,535 shares in the company, valued at $13,768,677.45.
The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . Insiders acquired a total of 88,926 shares of company stock valued at $179,825 over the last three months. Corporate insiders own 3.
70% of the company’s stock. Brightcove Stock Performance Brightcove stock opened at $2.16 on Tuesday.
The stock’s 50 day moving average price is $2.16 and its two-hundred day moving average price is $2.09.
Brightcove Inc. has a 52-week low of $1.55 and a 52-week high of $3.
37. The stock has a market capitalization of $96.30 million, a price-to-earnings ratio of -9.
82 and a beta of 0.74. Brightcove ( NASDAQ:BCOV – Get Free Report ) last issued its earnings results on Wednesday, August 7th.
The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.
01. The company had revenue of $49.25 million for the quarter.
Brightcove had a negative return on equity of 8.86% and a negative net margin of 4.28%.
During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, equities research analysts forecast that Brightcove Inc.
will post -0.32 EPS for the current year. Brightcove Profile ( 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. Further Reading Five stocks we like better than Brightcove Dividend Payout Ratio Calculator TJX Stock: A Buying Opportunity Before the Holiday Rush What is an Earnings Surprise? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Consumer Discretionary Stocks Explained Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Brightcove Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brightcove and related companies with MarketBeat.
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