Brightcove Inc (BCOV) Files Form 4 Insider Selling : Chet Kapoor Sells 5,700 Shares

Brightcove Inc (BCOV): Chet Kapoor , director of Brightcove Inc sold 5,700 shares on Sep 9, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $12.29 per share for a total value of $70,035.90 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, Scott Kurnit (director) sold 20,300 shares at $12.72 per share price.On Sep 8, 2016, Chet Kapoor (director) sold 297,400 shares at $12.97 per share price.Also, On Sep 8, 2016, Christopher Stagno (PAO, VP, CORPORATE CONTROLLER) sold 5,000 shares at $12.97 per share price.On Aug 23, 2016, Kevin R Rhodes (CHIEF FINANCIAL OFFICER) sold 15,092 shares at $11.88 per share price.

Brightcove Inc: On Monday, Sep 12, 2016 heightened volatility was witnessed in Brightcove Inc which led to swings in the share price. The shares opened for trading at $12.23 and hit $12.67 on the upside , eventually ending the session at $12.57, with a gain of 2.20% or 0.27 points. The heightened volatility saw the trading volume jump to 358,011 shares. The 52-week high of the share price is $13.6 and the company has a market cap of $416 M . The 52-week low of the share price is at $4.7.

Brightcove Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Brightcove Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $13 .The Rating was issued on Sep 6, 2016.Brightcove Inc is Reiterated by Dougherty & Company to Buy and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $10.50 .The Rating was issued on Jul 29, 2016.Brightcove Inc is Upgraded by Dougherty & Company to Buy and the brokerage firm has set the Price Target at $10.50. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jun 16, 2016.

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.

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