Dimensional Fund Advisors LP Has $803,000 Stock Holdings in Brightcove Inc. (NASDAQ:BCOV)

Dimensional Fund Advisors LP cut its stake in Brightcove Inc. (NASDAQ:BCOV) by 48.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 338,718 shares of the software maker’s stock after selling 323,285 shares during the period. Dimensional Fund Advisors LP owned approximately 0.76% of Brightcove worth $803,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd increased its stake in shares of Brightcove by 12.4% in the 1st quarter. Quadrature Capital Ltd now owns 84,963 shares of the software maker’s stock valued at $165,000 after purchasing an additional 9,353 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Brightcove by 89.3% in the 1st 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 during the last quarter. Pitcairn Co. bought a new position in shares of Brightcove in the 1st quarter valued at $27,000. Aaron Wealth Advisors LLC bought a new position in shares of Brightcove in the 2nd quarter valued at $34,000. Finally, Price T Rowe Associates Inc. MD bought a new position in shares of Brightcove in the 1st quarter valued at $29,000. 80.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, major shareholder Edenbrook Capital, Llc bought 20,000 shares of the business’s stock in a transaction on Monday, August 12th. The shares were purchased at an average cost of $1.98 per share, with a total value of $39,600.00. Following the acquisition, the insider now owns 6,581,414 shares of the company’s stock, valued at $13,031,199.72. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have purchased 88,926 shares of company stock valued at $179,825. 3.70% of the stock is currently owned by company insiders.

Brightcove Stock Up 4.5 %

Shares of BCOV stock opened at $2.33 on Monday. The firm has a market capitalization of $103.88 million, a P/E ratio of -10.59 and a beta of 0.74. Brightcove Inc. has a twelve month low of $1.55 and a twelve month high of $3.18. The stock’s fifty day simple moving average is $2.15 and its 200 day simple moving average is $2.12.

Brightcove (NASDAQ:BCOV) last issued its quarterly earnings data on Wednesday, August 7th. The software maker reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.01. The business 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 prior year, the firm earned ($0.07) EPS. As a group, equities research analysts expect that Brightcove Inc. will post -0.32 EPS for the current fiscal year.

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.