Brightcove Inc. (NASDAQ:BCOV) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its holdings in Brightcove Inc. (NASDAQ:BCOV) by 17.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 52,084 shares of the software maker’s stock after selling 11,387 shares during the quarter. Jane Street Group LLC owned approximately 0.12% of Brightcove worth $113,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BCOV. XTX Topco Ltd acquired a new position in Brightcove in the second quarter valued at approximately $36,000. Cubist Systematic Strategies LLC bought a new position in shares of Brightcove in the second quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Brightcove during the second quarter valued at $142,000. AQR Capital Management LLC acquired a new position in shares of Brightcove in the second quarter worth about $143,000. Finally, Mackenzie Financial Corp boosted its stake in Brightcove by 11.0% in the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock worth $145,000 after purchasing an additional 6,095 shares during the period. 80.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BCOV. Rosenblatt Securities reissued a “neutral” rating and issued a $4.45 price objective (down from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Lake Street Capital cut Brightcove from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 25th. Finally, StockNews.com started coverage on Brightcove in a research report on Saturday. They issued a “buy” rating on the stock.

Brightcove Stock Down 0.2 %

Shares of NASDAQ BCOV opened at $4.41 on Wednesday. The company’s fifty day moving average is $3.95 and its 200-day moving average is $2.84. Brightcove Inc. has a twelve month low of $1.55 and a twelve month high of $4.44. The stock has a market cap of $199.05 million, a price-to-earnings ratio of -21.00 and a beta of 1.01.

Brightcove Company Profile

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.