Brightcove Inc. (NASDAQ:BCOV – Get Rating) major shareholder Edenbrook Capital, Llc acquired 3,250 shares of the company’s stock in a transaction dated Tuesday, June 21st. The shares were bought at an average price of $6.47 per share, for a total transaction of $21,027.50. Following the acquisition, the insider now directly owns 4,807,064 shares of the company’s stock, valued at approximately $31,101,704.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Edenbrook Capital, Llc also recently made the following trade(s):

• On Wednesday, June 15th, Edenbrook Capital, Llc bought 2,300 shares of Brightcove stock. The stock was acquired at an average price of $6.43 per share, for a total transaction of $14,789.00.
• On Monday, June 13th, Edenbrook Capital, Llc bought 10 shares of Brightcove stock. The stock was acquired at an average price of $6.51 per share, for a total transaction of $65.10.
• On Monday, May 23rd, Edenbrook Capital, Llc bought 3 shares of Brightcove stock. The stock was acquired at an average price of $6.75 per share, for a total transaction of $20.25.
• On Friday, May 20th, Edenbrook Capital, Llc bought 2,973 shares of Brightcove stock. The stock was acquired at an average price of $6.85 per share, for a total transaction of $20,365.05.
• On Wednesday, May 18th, Edenbrook Capital, Llc acquired 485 shares of Brightcove stock. The stock was purchased at an average cost of $6.85 per share, with a total value of $3,322.25.
• On Monday, May 16th, Edenbrook Capital, Llc acquired 16,000 shares of Brightcove stock. The stock was purchased at an average cost of $6.88 per share, with a total value of $110,080.00.
• On Monday, May 9th, Edenbrook Capital, Llc acquired 5,400 shares of Brightcove stock. The stock was purchased at an average cost of $6.72 per share, with a total value of $36,288.00.
• On Thursday, May 5th, Edenbrook Capital, Llc acquired 9,581 shares of Brightcove stock. The stock was purchased at an average cost of $6.79 per share, with a total value of $65,054.99.
• On Wednesday, April 27th, Edenbrook Capital, Llc acquired 4,900 shares of Brightcove stock. The stock was purchased at an average cost of $6.62 per share, with a total value of $32,438.00.

BCOV traded up $0.22 on Thursday, hitting $6.68. The company’s stock had a trading volume of 105,243 shares, compared to its average volume of 195,773. The company’s 50 day simple moving average is $6.98 and its 200-day simple moving average is $8.11. The firm has a market cap of $277.57 million, a P/E ratio of -222.67 and a beta of 0.80. Brightcove Inc. has a 12 month low of $6.34 and a 12 month high of $14.80.

Brightcove (NASDAQ:BCOV – Get Rating) last released its quarterly earnings data on Wednesday, April 27th. The software maker reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $53.38 million during the quarter, compared to the consensus estimate of $50.57 million. Brightcove had a negative net margin of 0.65% and a positive return on equity of 3.99%. During the same period last year, the firm earned $0.10 EPS. Research analysts anticipate that Brightcove Inc. will post -0.04 EPS for the current year.

A number of brokerages have issued reports on BCOV. StockNews.com raised shares of Brightcove from a “hold” rating to a “buy” rating in a research report on Sunday, May 15th. TheStreet downgraded shares of Brightcove from a “c” rating to a “d” rating in a research report on Friday, April 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brightcove presently has a consensus rating of “Moderate Buy” and an average target price of $20.67.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Walleye Capital LLC boosted its holdings in Brightcove by 44.6% in the 1st quarter. Walleye Capital LLC now owns 44,918 shares of the software maker’s stock worth $350,000 after buying an additional 13,848 shares during the period. Zebra Capital Management LLC purchased a new stake in Brightcove in the 1st quarter worth approximately $81,000. Jane Street Group LLC purchased a new stake in Brightcove in the 1st quarter worth approximately $89,000. State Street Corp lifted its stake in Brightcove by 2.0% in the 1st quarter. State Street Corp now owns 786,341 shares of the software maker’s stock worth $6,133,000 after purchasing an additional 15,700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Brightcove by 1.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 176,470 shares of the software maker’s stock worth $1,377,000 after purchasing an additional 2,841 shares in the last quarter. 84.67% of the stock is owned by institutional investors.

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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