Brightcove Inc (BCOV) : Awm Investment Company reduced its stake in Brightcove Inc by 2.04% during the most recent quarter end. The investment management company now holds a total of 1,904,022 shares of Brightcove Inc which is valued at $22,258,017 after selling 39,608 shares in Brightcove Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Brightcove Inc makes up approximately 4.35% of Awm Investment Company’s portfolio.
Other Hedge Funds, Including , Airain Ltd sold out all of its stake in BCOV during the most recent quarter. The investment firm sold 13,857 shares of BCOV which is valued $156,307. Eam Investors added BCOV to its portfolio by purchasing 297,779 company shares during the most recent quarter which is valued at $3,358,947. Brightcove Inc makes up approx 0.47% of Eam Investors’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 closed down -0.02 points or -0.17% at $11.98 with 2,75,067 shares getting traded on Wednesday. Post opening the session at $11.97, the shares hit an intraday low of $11.87 and an intraday high of $12.058 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.