Occudo Quantitative Strategies LP Purchases 4,220 Shares of Brightcove Inc. (NASDAQ:BCOV)

Occudo Quantitative Strategies LP boosted its position in shares of Brightcove Inc. (NASDAQ:BCOV) by 20.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,179 shares of the software maker’s stock after buying an additional 4,220 shares during the quarter. Occudo Quantitative Strategies LP’s holdings in Brightcove were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp bought a new stake in Brightcove during the 4th quarter valued at $1,251,000. Millennium Management LLC raised its holdings in Brightcove by 94.7% during the 4th quarter. Millennium Management LLC now owns 267,834 shares of the software maker’s stock valued at $1,165,000 after buying an additional 130,250 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in Brightcove by 34.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 591,944 shares of the software maker’s stock valued at $2,575,000 after buying an additional 151,674 shares during the last quarter. Centiva Capital LP bought a new stake in Brightcove during the 4th quarter valued at $544,000. Finally, Balyasny Asset Management L.P. bought a new stake in Brightcove during the 4th quarter valued at $117,000. 80.12% of the stock is currently owned by institutional investors.

Brightcove Stock Performance

Shares of Brightcove stock opened at $4.45 on Friday. The company’s fifty day simple moving average is $4.45 and its two-hundred day simple moving average is $4.22. The company has a market cap of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01. Brightcove Inc. has a 12-month low of $1.94 and a 12-month high of $4.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Brightcove in a research report on Sunday, May 11th. 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.