Brightcove Inc. (BCOV) Director Sells $367,092.00 in Stock
Brightcove Inc. (NASDAQ:BCOV) Director Scott Kurnit sold 29,700 shares of Brightcove stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $12.36, for a total transaction of $367,092.00. Following the sale, the director now directly owns 92,194 shares of the company’s stock, valued at $1,139,517.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Scott Kurnit also recently made the following trade(s):
- On Monday, September 12th, Scott Kurnit sold 20,300 shares of Brightcove stock. The stock was sold at an average price of $12.45, for a total transaction of $252,735.00.
- On Friday, August 26th, Scott Kurnit sold 100,000 shares of Brightcove stock. The stock was sold at an average price of $12.02, for a total transaction of $1,202,000.00.
Shares of Brightcove Inc. (NASDAQ:BCOV) opened at 12.45 on Wednesday. Brightcove Inc. has a 52 week low of $4.70 and a 52 week high of $13.60. The firm’s market capitalization is $411.70 million. The company’s 50-day moving average is $12.16 and its 200 day moving average is $8.44.
Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). Brightcove had a negative net margin of 3.59% and a negative return on equity of 3.54%. The company earned $36.96 million during the quarter, compared to analyst estimates of $36.07 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Brightcove Inc. will post $0.08 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in BCOV. A.R.T. Advisors LLC acquired a new stake in Brightcove during the first quarter valued at about $111,000. Bank of Montreal Can acquired a new stake in Brightcove during the second quarter valued at about $201,000. BlackRock Inc. raised its stake in Brightcove by 1,119.9% in the second quarter. BlackRock Inc. now owns 24,178 shares of the company’s stock valued at $213,000 after buying an additional 22,196 shares during the last quarter. Strs Ohio raised its stake in Brightcove by 8.3% in the second quarter. Strs Ohio now owns 24,900 shares of the company’s stock valued at $219,000 after buying an additional 1,900 shares during the last quarter. Finally, BlackRock Advisors LLC raised its stake in Brightcove by 13.4% in the second quarter. BlackRock Advisors LLC now owns 34,451 shares of the company’s stock valued at $303,000 after buying an additional 4,080 shares during the last quarter. 56.33% of the stock is owned by institutional investors.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Brightcove from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Wednesday, August 10th. Noble Financial assumed coverage on shares of Brightcove in a research report on Friday, June 24th. They set a “buy” rating for the company. B. Riley reaffirmed a “buy” rating and set a $10.60 price objective on shares of Brightcove in a research report on Monday, June 13th. Finally, Dougherty & Co upgraded shares of Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Thursday, June 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $11.60.
Brightcove Company Profile
Brightcove Inc is a provider of cloud-based services for video. The Company’s flagship product is Brightcove Video Cloud (Video Cloud), an online video platform. Its other products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift).
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