Brightcove Inc (BCOV) : Algert Global reduced its stake in Brightcove Inc by 0.82% during the most recent quarter end. The investment management company now holds a total of 338,383 shares of Brightcove Inc which is valued at $4,043,677 after selling 2,790 shares in Brightcove Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Brightcove Inc makes up approximately 1.54% of Algert Global’s portfolio.
Other Hedge Funds, Including , Group One Trading reduced its stake in BCOV by selling 6,000 shares or 26.64% in the most recent quarter. The Hedge Fund company now holds 16,525 shares of BCOV which is valued at $197,474. Brightcove Inc makes up approx 0.02% of Group One Trading’s portfolio.Raymond James Associates reduced its stake in BCOV by selling 16,250 shares or 11.09% in the most recent quarter. The Hedge Fund company now holds 130,216 shares of BCOV which is valued at $1,556,081.Alambic Investment Management reduced its stake in BCOV by selling 900 shares or 4.41% in the most recent quarter. The Hedge Fund company now holds 19,500 shares of BCOV which is valued at $232,830. Brightcove Inc makes up approx 0.05% of Alambic Investment Management’s portfolio.Strs Ohio boosted its stake in BCOV in the latest quarter, The investment management firm added 1,900 additional shares and now holds a total of 24,900 shares of Brightcove Inc which is valued at $240,783.
Brightcove Inc opened for trading at $12.46 and hit $12.69 on the upside on Monday, eventually ending the session at $12.63, with a gain of 1.36% or 0.17 points. The heightened volatility saw the trading volume jump to 3,97,144 shares. Company has a market cap of $418 M.
On the company’s financial health, Brightcove Inc reported $-0.01 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $-0.01. The company had revenue of $36.96 million for the quarter, compared to analysts expectations of $36.07 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Many Wall Street Analysts have commented on Brightcove Inc. Company shares were Reiterated by Dougherty & Company on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 13 from a previous price target of $10.50 .Dougherty & Company Upgraded Brightcove Inc on Jun 16, 2016 to ” Buy”, Price Target of the shares are set at $10.50.
Brightcove Inc. (Brightcove) is a provider of cloud-based services for video. The Company’s flagship product Brightcove Video Cloud (or) Video Cloud is the online video platform which enables its customers to publish and distribute video to Internet-connected devices. Its other products and services include Brightcove Zencoder (Zencoder) Brightcove Once (Once) Brightcove Gallery (Gallery) Brightcove Perform (Perform) and Brightcove Video Marketing Suite (Video Marketing Suite). Zencoder is a cloud-based video encoding service. Once is a cloud-based ad insertion and video stitching service. Gallery is a cloud-based service that enables customers to create and publish video portals. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies. It provides its solutions to media companies broadcasters brands and corporations as well as Governments educational institutions and non-profit organizations.