Teza Capital Management LLC purchased a new position in shares of Brightcove Inc. (NASDAQ:BCOV) during the fourth quarter, Holdings Channel reports. The fund purchased 14,337 shares of the company’s stock, valued at approximately $115,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in BCOV. G2 Investment Partners Management LLC raised its stake in shares of Brightcove by 76.3% in the third quarter. G2 Investment Partners Management LLC now owns 329,619 shares of the company’s stock worth $4,302,000 after buying an additional 142,627 shares during the last quarter. Pembroke Management LTD purchased a new stake in shares of Brightcove during the third quarter worth approximately $6,025,000. Spark Investment Management LLC raised its stake in shares of Brightcove by 13.7% in the third quarter. Spark Investment Management LLC now owns 271,500 shares of the company’s stock worth $3,543,000 after buying an additional 32,800 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Brightcove by 667.1% in the third quarter. New York State Common Retirement Fund now owns 227,825 shares of the company’s stock worth $2,973,000 after buying an additional 198,125 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in shares of Brightcove by 1,263.2% in the third quarter. Prudential Financial Inc. now owns 207,345 shares of the company’s stock worth $2,705,000 after buying an additional 192,135 shares during the last quarter. 70.96% of the stock is owned by institutional investors and hedge funds.
Shares of Brightcove Inc. (NASDAQ:BCOV) traded up 5.26% during mid-day trading on Friday, reaching $8.00. The company had a trading volume of 505,670 shares. The company’s market cap is $270.26 million. The firm’s 50-day moving average price is $7.59 and its 200 day moving average price is $10.05. Brightcove Inc. has a 52-week low of $5.60 and a 52-week high of $13.80.
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Separately, B. Riley reiterated a “buy” rating and issued a $15.50 price objective on shares of Brightcove in a research report on Thursday, November 3rd. Five investment analysts have rated the stock with a buy rating, Brightcove currently has a consensus rating of “Buy” and an average target price of $13.25.
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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