O Keefe Stevens Advisory Inc. Purchases New Shares in Octave Intelligence plc $OCTV

O Keefe Stevens Advisory Inc. acquired a new position in shares of Octave Intelligence plc (NASDAQ:OCTV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 697,374 shares of the company’s stock, valued at approximately $13,173,000. Octave Intelligence makes up 2.8% of O Keefe Stevens Advisory Inc.’s investment portfolio, making the stock its 17th biggest holding.

Separately, Ancora Advisors LLC acquired a new stake in Octave Intelligence in the 2nd quarter worth about $882,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OCTV. Wall Street Zen raised shares of Octave Intelligence to a “hold” rating in a research report on Saturday, July 18th. Barclays started coverage on Octave Intelligence in a research note on Thursday, June 18th. They set an “equal weight” rating and a $18.00 price target for the company. Evercore assumed coverage on Octave Intelligence in a research note on Friday, June 12th. They issued an “in-line” rating and a $20.00 price objective on the stock. Weiss Ratings assumed coverage on Octave Intelligence in a report on Monday, August 17th. They set a “sell (d)” rating for the company. Finally, Morgan Stanley began coverage on shares of Octave Intelligence in a research report on Thursday, September 17th. They set an “equal weight” rating and a $21.00 target price for the company. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.71.

Octave Intelligence Stock Performance

NASDAQ:OCTV traded up $0.30 during mid-day trading on Friday, reaching $20.34. The stock had a trading volume of 491,882 shares, compared to its average volume of 1,984,389. The business has a 50 day simple moving average of $18.99. Octave Intelligence plc has a 1-year low of $15.41 and a 1-year high of $30.00.

Octave Intelligence Company Profile

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.