Octave Intelligence plc (NASDAQ:OCTV) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Octave Intelligence plc (NASDAQ:OCTV) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $21.71.

A number of equities analysts have weighed in on OCTV shares. Wall Street Zen upgraded shares of Octave Intelligence to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings began coverage on Octave Intelligence in a report on Monday, August 17th. They set a “sell (d)” rating on the stock. Finally, Morgan Stanley began coverage on Octave Intelligence in a report on Thursday, September 17th. They set an “equal weight” rating and a $21.00 price target on the stock.

Octave Intelligence Stock Performance

NASDAQ OCTV opened at $21.73 on Wednesday. Octave Intelligence has a 52 week low of $15.41 and a 52 week high of $30.00. The stock has a 50-day moving average of $19.39.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OCTV. Squarepoint Ops LLC bought a new stake in shares of Octave Intelligence during the second quarter valued at approximately $190,000. State of Alaska Department of Revenue bought a new stake in Octave Intelligence in the 3rd quarter valued at $240,000. Ancora Advisors LLC bought a new position in shares of Octave Intelligence during the 2nd quarter valued at about $882,000. Finally, O Keefe Stevens Advisory Inc. bought a new position in shares of Octave Intelligence during the 3rd quarter valued at about $13,173,000.

About Octave Intelligence

Octave Intelligence plc provides various software solutions. Its solutions helps organizations to better understand and manage the environments in which they design, build, operate, and protect their assets, people, and critical infrastructure. Its platform connects data, events, and workflows across various environments and applies context-aware intelligence to help customers understand what is happening, what may happen next, and how actions in one area affect conditions in another. The company serves power generation and utilities, data centers and IT infrastructure operators, heavy construction and public works, industrial process industries, public safety and emergency response agencies, transportation networks and logistics operations, light process industries, and discrete manufacturing industries.