Insider Selling: Brightcove Insider Sells 3,884 Shares of Stock (BCOV)
Brightcove (NASDAQ:BCOV) Insider Andrew Feinberg unloaded 3,884 shares of the company’s stock on the open market in a transaction dated Friday, January 3rd. The shares were sold at an average price of $14.06, for a total value of $54,609.04. Following the sale, the insider now directly owns 97,459 shares in the company, valued at approximately $1,370,274. The sale was disclosed in a document filed with the SEC, which is available at this link.
Brightcove (NASDAQ:BCOV) traded down 20.45% on Monday, hitting $11.59. 4,792,969 shares of the company’s stock traded hands. Brightcove has a 52 week low of $4.89 and a 52 week high of $16.25. The stock’s 50-day moving average is $13.96 and its 200-day moving average is $11.82. The company’s market cap is $333.5 million.
Brightcove (NASDAQ:BCOV) last announced its earnings results on Thursday, October 24th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that Brightcove will post $-0.05 earnings per share for the current fiscal year.
BCOV has been the subject of a number of recent research reports. 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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