Brightcove Inc. (NASDAQ:BCOV) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in Brightcove Inc. (NASDAQ:BCOV) by 99.3% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 30,689 shares of the software maker’s stock after buying an additional 15,291 shares during the quarter. JPMorgan Chase & Co. owned about 0.07% of Brightcove worth $66,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new stake in Brightcove in the 2nd quarter valued at about $54,000. AQR Capital Management LLC purchased a new position in shares of Brightcove during the 2nd quarter worth about $143,000. Mackenzie Financial Corp lifted its holdings in shares of Brightcove by 11.0% during the 2nd quarter. Mackenzie Financial Corp now owns 61,329 shares of the software maker’s stock worth $145,000 after acquiring an additional 6,095 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Brightcove by 1,124.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after buying an additional 225,482 shares during the period. Finally, P.A.W. Capital Corp purchased a new position in Brightcove in the third quarter valued at approximately $540,000. 80.12% of the stock is owned by institutional investors and hedge funds.

Brightcove Trading Up 0.2 %

Shares of BCOV opened at $4.45 on Tuesday. Brightcove Inc. has a 1-year low of $1.55 and a 1-year high of $4.46. The business’s 50-day moving average price is $4.37 and its 200 day moving average price is $3.05. The stock has a market capitalization of $202.12 million, a P/E ratio of -21.19 and a beta of 1.01.

Analyst Upgrades and Downgrades

Several research firms recently commented on BCOV. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a report on Monday, November 25th. Rosenblatt Securities reissued a “neutral” rating and set a $4.45 price target (down previously from $5.00) on shares of Brightcove in a research report on Monday, November 25th. Finally, StockNews.com assumed coverage on shares of Brightcove in a report on Tuesday. They issued a “buy” rating for the company.

About Brightcove

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.