Bailard Inc. Buys Shares of 35,901 Brightcove Inc. (NASDAQ:BCOV)

Bailard Inc. purchased a new position in shares of Brightcove Inc. (NASDAQ:BCOV) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 35,901 shares of the software maker’s stock, valued at approximately $156,000. Bailard Inc. owned about 0.08% of Brightcove as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock worth $66,000 after purchasing an additional 15,291 shares in the last quarter. R Squared Ltd bought a new stake in shares of Brightcove during the 4th quarter worth about $90,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Brightcove by 1,124.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after acquiring an additional 225,482 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of Brightcove in the 4th quarter valued at approximately $1,038,000. Finally, Geode Capital Management LLC lifted its holdings in Brightcove by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 488,275 shares of the software maker’s stock worth $1,055,000 after purchasing an additional 37,584 shares during the last quarter. Institutional investors and hedge funds own 80.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on BCOV shares. StockNews.com began coverage on Brightcove in a report on Friday, February 28th. They set a “buy” rating on the stock. Lake Street Capital lowered shares of Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $4.45 target price (down previously from $5.00) on shares of Brightcove in a research report on Monday, November 25th.

Brightcove Price Performance

Shares of BCOV stock opened at $4.45 on Thursday. Brightcove Inc. has a 12 month low of $1.55 and a 12 month high of $4.46. The firm has a market cap of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. The stock has a 50 day moving average of $4.42 and a 200-day moving average of $3.37.

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.