AQR Capital Management LLC Acquires New Shares in Brightcove Inc. (NASDAQ:BCOV)

AQR Capital Management LLC acquired a new stake in Brightcove Inc. (NASDAQ:BCOV) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 60,346 shares of the software maker’s stock, valued at approximately $143,000. AQR Capital Management LLC owned approximately 0.14% of Brightcove as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Quadrature Capital Ltd boosted its stake in shares of Brightcove by 87.9% during the fourth quarter. Quadrature Capital Ltd now owns 75,610 shares of the software maker’s stock valued at $196,000 after purchasing an additional 35,360 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Brightcove during the first quarter valued at about $33,000. BNP Paribas Financial Markets boosted its stake in shares of Brightcove by 26.6% during the first quarter. BNP Paribas Financial Markets now owns 107,074 shares of the software maker’s stock valued at $208,000 after purchasing an additional 22,466 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Brightcove by 151.0% during the first quarter. GSA Capital Partners LLP now owns 225,176 shares of the software maker’s stock valued at $437,000 after purchasing an additional 135,462 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Brightcove by 89.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 21,454 shares of the software maker’s stock valued at $42,000 after purchasing an additional 10,120 shares in the last quarter. 80.12% of the stock is owned by institutional investors and hedge funds.

Brightcove Price Performance

Brightcove stock opened at $2.09 on Friday. The firm has a market cap of $93.18 million, a P/E ratio of -9.50 and a beta of 0.74. Brightcove Inc. has a one year low of $1.55 and a one year high of $3.10. The stock’s 50 day moving average is $2.16 and its 200 day moving average is $2.12.

Brightcove (NASDAQ:BCOV) last posted its quarterly earnings results on Wednesday, August 7th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The firm had revenue of $49.25 million for the quarter. Brightcove had a negative return on equity of 8.86% and a negative net margin of 4.28%. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities analysts anticipate that Brightcove Inc. will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brightcove news, major shareholder Edenbrook Capital, Llc purchased 20,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were purchased at an average cost of $2.07 per share, for a total transaction of $41,400.00. Following the acquisition, the insider now owns 6,651,535 shares of the company’s stock, valued at approximately $13,768,677.45. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders have acquired 88,926 shares of company stock worth $179,825. Corporate insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Brightcove from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th.

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.