Scott Kurnit Sells 29,700 Shares of Brightcove Inc. (BCOV) Stock
Brightcove Inc. (NASDAQ:BCOV) Director Scott Kurnit sold 29,700 shares of the company’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $12.36, for a total value of $367,092.00. Following the completion of the transaction, the director now directly owns 92,194 shares in the company, valued at approximately $1,139,517.84. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Scott Kurnit also recently made the following trade(s):
- On Monday, September 12th, Scott Kurnit sold 20,300 shares of Brightcove stock. The shares were sold at an average price of $12.45, for a total value of $252,735.00.
- On Friday, August 26th, Scott Kurnit sold 100,000 shares of Brightcove stock. The shares were sold at an average price of $12.02, for a total value of $1,202,000.00.
Brightcove Inc. (NASDAQ:BCOV) opened at 12.59 on Tuesday. The stock’s market cap is $416.33 million. Brightcove Inc. has a 12-month low of $4.70 and a 12-month high of $13.60. The stock has a 50 day moving average price of $12.12 and a 200-day moving average price of $8.40.
Brightcove (NASDAQ:BCOV) last announced its quarterly earnings data on Thursday, July 28th. The company reported ($0.01) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.01). The business earned $36.96 million during the quarter, compared to the consensus estimate of $36.07 million. Brightcove had a negative return on equity of 3.54% and a negative net margin of 3.59%. The business’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, equities analysts expect that Brightcove Inc. will post $0.08 earnings per share for the current year.
Several research firms recently issued reports on BCOV. Dougherty & Co increased their target price on Brightcove from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, September 6th. Zacks Investment Research lowered Brightcove from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and issued a $11.00 price target on shares of Brightcove in a research report on Wednesday, August 3rd. Finally, Noble Financial initiated coverage on Brightcove in a research report on Friday, June 24th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.60.
Large investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC acquired a new stake in shares of Brightcove during the first quarter worth approximately $111,000. Bank of Montreal Can acquired a new stake in shares of Brightcove during the second quarter worth approximately $201,000. BlackRock Inc. increased its stake in shares of Brightcove by 1,119.9% in the second quarter. BlackRock Inc. now owns 24,178 shares of the company’s stock worth $213,000 after buying an additional 22,196 shares in the last quarter. Strs Ohio increased its stake in shares of Brightcove by 8.3% in the second quarter. Strs Ohio now owns 24,900 shares of the company’s stock worth $219,000 after buying an additional 1,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Brightcove by 20.6% in the first quarter. Goldman Sachs Group Inc. now owns 41,050 shares of the company’s stock worth $256,000 after buying an additional 7,019 shares in the last quarter. 56.40% of the stock is owned by institutional investors and hedge funds.
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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