Segall Bryant & Hamill LLC Raises Position in Brightcove Inc (NASDAQ:BCOV)

Segall Bryant & Hamill LLC increased its holdings in Brightcove Inc (NASDAQ:BCOV) by 21.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 124,930 shares of the software maker’s stock after acquiring an additional 21,644 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.35% of Brightcove worth $880,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Metropolitan Life Insurance Co. NY raised its stake in shares of Brightcove by 404.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,822 shares of the software maker’s stock valued at $83,000 after acquiring an additional 9,480 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Brightcove in the fourth quarter valued at $104,000. Bank of America Corp DE raised its stake in shares of Brightcove by 144.2% in the fourth quarter. Bank of America Corp DE now owns 20,779 shares of the software maker’s stock valued at $146,000 after acquiring an additional 12,271 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in shares of Brightcove in the third quarter valued at $223,000. Finally, MetLife Investment Advisors LLC increased its holdings in Brightcove by 55.2% in the third quarter. MetLife Investment Advisors LLC now owns 26,669 shares of the software maker’s stock valued at $224,000 after buying an additional 9,480 shares during the last quarter. Institutional investors own 80.03% of the company’s stock.

Shares of BCOV stock traded up $0.09 during mid-day trading on Friday, hitting $8.39. 69,515 shares of the stock were exchanged, compared to its average volume of 80,113. The firm has a market cap of $317.43 million, a price-to-earnings ratio of -31.07 and a beta of 1.04. Brightcove Inc has a 12-month low of $6.88 and a 12-month high of $10.75.

Brightcove (NASDAQ:BCOV) last released its quarterly earnings results on Wednesday, February 13th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Brightcove had a negative return on equity of 13.67% and a negative net margin of 8.51%. The company had revenue of $40.86 million for the quarter, compared to analysts’ expectations of $41.23 million. During the same period in the prior year, the business earned $0.04 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Brightcove Inc will post -0.16 EPS for the current fiscal year.

In related news, CEO Jeff Ray purchased 5,000 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were purchased at an average price of $8.45 per share, with a total value of $42,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $211,250. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Several equities analysts recently commented on BCOV shares. Zacks Investment Research raised Brightcove from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a report on Wednesday, January 9th. BidaskClub raised Brightcove from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Finally, Northland Securities reissued a “buy” rating on shares of Brightcove in a report on Monday, April 15th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Brightcove currently has an average rating of “Buy” and an average target price of $12.35.

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Brightcove Profile

Brightcove Inc provides cloud-based services for video. It offers Video Cloud, an online video platform that enables its customers to publish and distribute video to Internet-connected devices. The company also provides Zencoder, a cloud-based video encoding service for file support, quality and control, speed and reliability, platform and security, and account and integration; SSAI, a cloud-based ad insertion and video stitching service; and Player, a cloud-based service for creating and managing video player experiences.

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Institutional Ownership by Quarter for Brightcove (NASDAQ:BCOV)

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