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Investing in Brightcove Inc (BCOV): What You Must Know

Brightcove Inc’s recent filing unveils that its 10% Owner Edenbrook Capital, LLC acquired Company’s shares for reported $79107.0 on Apr 16 ’24. In the deal valued at $1.69 per share,46,831 shares were bought. As a result of this transaction, Edenbrook Capital, LLC now holds 6,512,633 shares worth roughly $11.59 million.

Then, Edenbrook Capital, LLC bought 10,000 shares, generating $16,750 in total proceeds. Upon buying the shares at $1.68, the 10% Owner now owns 6,465,802 shares.

Before that, Edenbrook Capital, LLC bought 6,351 shares. Brightcove Inc shares valued at $10,797 were divested by the 10% Owner at a price of $1.70 per share. As a result of the transaction, Edenbrook Capital, LLC now holds 6,455,802 shares, worth roughly $11.49 million.

Lake Street upgraded its Brightcove Inc [BCOV] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in mid February from “a Neutral” to “a Buy”. Rosenblatt began covering BCOV with “Neutral” recommendation on September 09, 2022. Lake Street revised its rating on February 17, 2022. It rated BCOV as “a Hold” which previously was an “a Buy”.

Price Performance Review of BCOV

On Tuesday, Brightcove Inc [NASDAQ:BCOV] saw its stock jump 8.54% to $1.78. Over the last five days, the stock has gained 5.95%. Brightcove Inc shares have fallen nearly -31.27% since the year began. Nevertheless, the stocks have fallen -57.00% over the past one year. While a 52-week high of $4.56 was reached on 01/22/24, a 52-week low of $1.55 was recorded on 04/26/24. SMA at 50 days reached $1.8959, while 200 days put it at $2.7387. A total of 0.31 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For BCOV Stock

The 24-hour chart illustrates a support level at 1.6600, which if violated will result in even more drops to 1.5400. On the upside, there is a resistance level at 1.8550. A further resistance level may holdings at 1.9300. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0138, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.84%. Stochastics %K at 36.04% indicates the stock is a holding.

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