Centiva Capital LP Makes New $544,000 Investment in Brightcove Inc. (NASDAQ:BCOV)

Centiva Capital LP purchased a new position in shares of Brightcove Inc. (NASDAQ:BCOV) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 125,000 shares of the software maker’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors have also modified their holdings of BCOV. Beryl Capital Management LLC acquired a new position in Brightcove during the 4th quarter valued at $19,575,000. Renaissance Technologies LLC raised its position in shares of Brightcove by 33.3% during the fourth quarter. Renaissance Technologies LLC now owns 1,832,251 shares of the software maker’s stock valued at $7,970,000 after buying an additional 458,019 shares during the last quarter. AMH Equity Ltd lifted its stake in shares of Brightcove by 1.5% in the fourth quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock valued at $2,208,000 after buying an additional 7,513 shares during the period. Geode Capital Management LLC grew its position in Brightcove by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock worth $2,135,000 after buying an additional 2,425 shares in the last quarter. Finally, Susquehanna International Group LLP increased its stake in Brightcove by 626.8% during the fourth quarter. Susquehanna International Group LLP now owns 422,816 shares of the software maker’s stock valued at $1,839,000 after acquiring an additional 364,642 shares during the period. Institutional investors and hedge funds own 80.12% of the company’s stock.

Brightcove Stock Performance

Shares of Brightcove stock opened at $4.45 on Friday. The firm has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. The firm’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.13. Brightcove Inc. has a twelve month low of $1.84 and a twelve month high of $4.46.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Brightcove in a report on Saturday, May 3rd. They set a “buy” rating on the stock.

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.