Brightcove Inc. (BCOV) Director Sells $70,053.00 in Stock
Brightcove Inc. (NASDAQ:BCOV) Director Chet Kapoor sold 5,700 shares of the company’s stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $12.29, for a total value of $70,053.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Chet Kapoor also recently made the following trade(s):
- On Thursday, September 8th, Chet Kapoor sold 297,400 shares of Brightcove stock. The shares were sold at an average price of $13.00, for a total value of $3,866,200.00.
Brightcove Inc. (NASDAQ:BCOV) opened at 12.56 on Monday. The stock’s market capitalization is $415.33 million. The stock’s 50 day moving average price is $11.83 and its 200 day moving average price is $8.22. Brightcove Inc. has a 52-week low of $4.70 and a 52-week high of $13.60.
Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Zacks’ 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 the consensus estimate of $36.07 million. During the same period last year, the firm earned ($0.04) EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts forecast that Brightcove Inc. will post $0.08 EPS for the current year.
Several large investors have recently bought and sold shares of the stock. A.R.T. Advisors LLC bought a new stake in Brightcove during the first quarter worth about $111,000. Bank of Montreal Can bought a new stake in Brightcove during the second quarter worth about $201,000. BlackRock Inc. increased its stake in Brightcove by 1,119.9% in the second quarter. BlackRock Inc. now owns 24,178 shares of the company’s stock worth $213,000 after buying an additional 22,196 shares during the last quarter. Strs Ohio increased its stake in Brightcove by 8.3% in the second quarter. Strs Ohio now owns 24,900 shares of the company’s stock worth $219,000 after buying an additional 1,900 shares during the last quarter. Finally, BlackRock Advisors LLC increased its stake in Brightcove by 13.4% in the second quarter. BlackRock Advisors LLC now owns 34,451 shares of the company’s stock worth $303,000 after buying an additional 4,080 shares during the last quarter. Institutional investors own 56.40% of the company’s stock.
BCOV has been the subject of a number of analyst reports. Dougherty & Co upgraded Brightcove from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a research report on Thursday, June 16th. Zacks Investment Research lowered Brightcove from a “buy” rating to a “hold” rating in a research report on Tuesday, August 9th. Noble Financial assumed coverage on Brightcove in a research report on Friday, June 24th. They issued a “buy” rating for the company. Finally, B. Riley reiterated a “buy” rating and issued a $10.60 price objective on shares of Brightcove in a research report on Wednesday, June 8th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus 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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