Brightcove Inc (NASDAQ:BCOV) CEO Jeff Ray bought 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were bought at an average price of $8.09 per share, with a total value of $161,800.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

BCOV stock opened at $8.20 on Friday. Brightcove Inc has a 52 week low of $6.30 and a 52 week high of $10.75. The firm has a market cap of $290.04 million, a price-to-earnings ratio of -17.08 and a beta of 1.60.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings data on Thursday, July 26th. The software maker reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). Brightcove had a negative net margin of 9.04% and a negative return on equity of 15.19%. The business had revenue of $41.70 million for the quarter, compared to the consensus estimate of $41.63 million. During the same quarter last year, the business earned ($0.16) EPS. Brightcove’s revenue for the quarter was up 7.5% compared to the same quarter last year. equities research analysts forecast that Brightcove Inc will post -0.31 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the business. Frontier Capital Management Co. LLC lifted its position in Brightcove by 20.5% during the first quarter. Frontier Capital Management Co. LLC now owns 3,117,773 shares of the software maker’s stock valued at $21,669,000 after purchasing an additional 529,462 shares during the last quarter. BlackRock Inc. lifted its position in Brightcove by 13.6% during the second quarter. BlackRock Inc. now owns 2,401,585 shares of the software maker’s stock valued at $23,174,000 after purchasing an additional 287,246 shares during the last quarter. Renaissance Technologies LLC lifted its position in Brightcove by 45.1% during the second quarter. Renaissance Technologies LLC now owns 2,324,400 shares of the software maker’s stock valued at $22,430,000 after purchasing an additional 722,587 shares during the last quarter. Tenzing Global Management LLC lifted its position in Brightcove by 23.1% during the second quarter. Tenzing Global Management LLC now owns 1,750,000 shares of the software maker’s stock valued at $16,888,000 after purchasing an additional 328,100 shares during the last quarter. Finally, Hawk Ridge Capital Management LP lifted its position in Brightcove by 19.3% during the first quarter. Hawk Ridge Capital Management LP now owns 1,724,197 shares of the software maker’s stock valued at $11,983,000 after purchasing an additional 279,036 shares during the last quarter. Institutional investors and hedge funds own 61.64% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Brightcove from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 28th. ValuEngine upgraded shares of Brightcove from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Stifel Nicolaus upped their target price on shares of Brightcove from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, May 22nd. TheStreet upgraded shares of Brightcove from a “d+” rating to a “c-” rating in a research report on Monday, May 7th. Finally, Dougherty & Co reiterated a “buy” rating and set a $14.00 price objective (up previously from $11.00) on shares of Brightcove in a research report on Thursday, May 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.38.

About Brightcove

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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