Brightcove Insider Andrew Feinberg Unloads 23,038 Shares (BCOV)
Brightcove (NASDAQ:BCOV) Insider Andrew Feinberg unloaded 23,038 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $14.01, for a total transaction of $322,762.38. Following the sale, the insider now directly owns 97,459 shares of the company’s stock, valued at approximately $1,365,401. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Brightcove (NASDAQ:BCOV) traded up 4.00% during mid-day trading on Friday, hitting $14.57. 362,905 shares of the company’s stock traded hands. Brightcove has a 1-year low of $4.89 and a 1-year high of $16.25. The stock’s 50-day moving average is $13.97 and its 200-day moving average is $11.78. The company’s market cap is $419.2 million.
Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.05) by $0.09. The company had revenue of $28.50 million for the quarter, compared to the consensus estimate of $27.10 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 29.0% on a year-over-year basis.
A number of research firms have recently commented on BCOV. Analysts at Zacks upgraded shares of Brightcove from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $16.50 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Brightcove from $11.00 to $16.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Brightcove from $15.00 to $16.00 in a research note to investors on Friday, October 25th. They now have a “strong-buy” rating on the stock.
Brightcove Inc, (NASDAQ:BCOV) is a provider of cloud-based solutions for publishing and distributing professional digital media.
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