Brightcove Inc’s recently made public that its 10% Owner Edenbrook Capital, LLC acquired Company’s shares for reported $41400.0 on Sep 26 ’24. In the deal valued at $2.07 per share,20,000 shares were bought. As a result of this transaction, Edenbrook Capital, LLC now holds 6,651,535 shares worth roughly $15.76 million.
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Then, Edenbrook Capital, LLC bought 2,901 shares, generating $5,802 in total proceeds. Upon buying the shares at $2.00, the 10% Owner now owns 6,631,535 shares.
Before that, Edenbrook Capital, LLC bought 2,096 shares. Brightcove Inc shares valued at $4,192 were divested by the 10% Owner at a price of $2.00 per share. As a result of the transaction, Edenbrook Capital, LLC now holds 6,628,634 shares, worth roughly $15.71 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 9.72% to $2.37. Over the last five days, the stock has gained 18.50%. Brightcove Inc shares have fallen nearly -8.49% since the year began. Nevertheless, the stocks have fallen -27.96% over the past one year. While a 52-week high of $3.37 was reached on 07/16/24, a 52-week low of $1.55 was recorded on 04/26/24. SMA at 50 days reached $2.17, while 200 days put it at $2.15.
Levels Of Support And Resistance For BCOV Stock
The 24-hour chart illustrates a support level at 2.22, which if violated will result in even more drops to 2.08. On the upside, there is a resistance level at 2.45. A further resistance level may holdings at 2.54. The Relative Strength Index (RSI) on the 14-day chart is 68.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.88%. Stochastics %K at 85.52% indicates the stock is a selling.
How much short interest is there in Brightcove Inc?
A steep rise in short interest was recorded in Brightcove Inc stocks on 2024-09-13, dropping by 49175.0 shares to a total of 77328.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.13 million shares. There was a decline of -63.59%, which implies that there is a negative sentiment for the stock.
