Brightcove Inc (NASDAQ:BCOV) Director Deborah M. Besemer sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $7.42, for a total value of $103,880.00. Following the sale, the director now owns 100,696 shares of the company’s stock, valued at $747,164.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of BCOV stock traded down $0.07 on Friday, reaching $7.44. 125,084 shares of the stock were exchanged, compared to its average volume of 154,551. The company has a market cap of $265.79 million, a price-to-earnings ratio of -15.50 and a beta of 1.14. Brightcove Inc has a 1-year low of $6.30 and a 1-year high of $10.75.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, November 1st. The software maker reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $41.10 million during the quarter, compared to the consensus estimate of $41.82 million. Brightcove had a negative return on equity of 12.75% and a negative net margin of 7.79%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.06) EPS. As a group, equities analysts forecast that Brightcove Inc will post -0.32 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Emancipation Management LLC acquired a new stake in Brightcove in the 3rd quarter valued at $714,000. Mcclain Value Management LLC increased its holdings in Brightcove by 4.3% in the 3rd quarter. Mcclain Value Management LLC now owns 422,439 shares of the software maker’s stock valued at $3,548,000 after purchasing an additional 17,478 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Brightcove by 187.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 128,289 shares of the software maker’s stock valued at $1,077,000 after purchasing an additional 83,589 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Brightcove by 13.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 187,640 shares of the software maker’s stock valued at $1,810,000 after purchasing an additional 22,631 shares in the last quarter. Finally, California Public Employees Retirement System acquired a new stake in Brightcove in the 2nd quarter valued at $191,000. Hedge funds and other institutional investors own 75.26% of the company’s stock.
A number of analysts have recently commented on BCOV shares. Zacks Investment Research downgraded Brightcove from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. BidaskClub downgraded Brightcove from a “sell” rating to a “strong sell” rating in a report on Saturday, July 28th. Finally, ValuEngine downgraded Brightcove from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $12.00.
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Brightcove Inc provides cloud-based services for video. The company offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. Its Video Cloud platform offers various features and functionalities, such as uploading and encoding, content management, video player technology, multi-platform video experiences, live video streaming, distribution and syndication, social media, advertising and monetization, and analytics, as well as APIs, SDKs, and developer resources.
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