Brightcove Inc’s recent filing unveils that its 10% Owner Edenbrook Capital, LLC acquired Company’s shares for reported $50415.0 on Nov 21 ’24. In the deal valued at $3.00 per share,16,806 shares were bought. As a result of this transaction, Edenbrook Capital, LLC now holds 6,679,710 shares worth roughly $28.52 million.
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Then, Edenbrook Capital, LLC bought 6,562 shares, generating $13,609 in total proceeds. Upon buying the shares at $2.07, the 10% Owner now owns 6,658,097 shares.
Before that, Edenbrook Capital, LLC bought 3,500 shares. Brightcove Inc shares valued at $7,269 were divested by the 10% Owner at a price of $2.08 per share. As a result of the transaction, Edenbrook Capital, LLC now holds 6,661,597 shares, worth roughly $28.45 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 Lake Street’s analysts, who increased its forecast for the stock in late July from “a Hold” to “a Buy”. Rosenblatt also remained covering BCOV and has increased its forecast on February 13, 2023 with a “Buy” recommendation from previously “Neutral” rating. Rosenblatt started covering the stock on September 09, 2022. It rated BCOV as “a Neutral”.
Price Performance Review of BCOV
On Monday, Brightcove Inc [NASDAQ:BCOV] saw its stock unchanged to $4.27. Over the last five days, the stock has gained 33.86%. Brightcove Inc shares have risen nearly 64.86% since the year began. Nevertheless, the stocks have risen 74.29% over the past one year. While a 52-week high of $4.33 was reached on 11/26/24, a 52-week low of $1.55 was recorded on 04/26/24. SMA at 50 days reached $2.61, while 200 days put it at $2.22.
Levels Of Support And Resistance For BCOV Stock
The 24-hour chart illustrates a support level at 4.25, which if violated will result in even more drops to 4.23. On the upside, there is a resistance level at 4.30. A further resistance level may holdings at 4.33. The Relative Strength Index (RSI) on the 14-day chart is 86.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.05%. Stochastics %K at 96.55% 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 2024-11-15, dropping by -0.15 million shares to a total of 0.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.3 million shares. There was a decline of -100.68%, which implies that there is a negative sentiment for the stock.
