The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Brightcove Inc shares valued at $50,415 were purchased by Edenbrook Capital, LLC on Nov 21 ’24. At $3.00 per share, Edenbrook Capital, LLC acquired 16,806 shares. The insider’s holdings grew to 6,679,710 shares worth approximately $28.92 million following the completion of this transaction.
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Also, Edenbrook Capital, LLC purchased 6,562 shares, netting a total of over 13,609 in proceeds. Following the buying of shares at $2.07 each, the insider now holds 6,658,097 shares.
Before that, Edenbrook Capital, LLC had added 3,500 shares to its account. In a trade valued at $7,269, the 10% Owner bought Brightcove Inc shares for $2.08 each. Upon closing the transaction, the insider’s holdings increased to 3,500 shares, worth approximately $28.84 million.
As published in a research note from Lake Street on November 05, 2024, Brightcove Inc [BCOV] has been rated up from a Hold to a Buy and the price target has been revised to $3.50. Analysts at Lake Street upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of February 13, 2023, Rosenblatt has increased its “Neutral” rating to a “Buy” for BCOV. Earlier on September 09, 2022, Rosenblatt initiated its rating. Their recommendation was “a Neutral” for BCOV stock.
Analyzing BCOV Stock Performance
During the last five days, there has been a surge of approximately 0.93%. Over the course of the year, Brightcove Inc shares have jumped approximately 67.18%. Shares of the company reached a 52-week high of $4.35 on 12/05/24 and a 52-week low of $1.55 on 04/26/24. A 50-day SMA is recorded $2.75, while a 200-day SMA reached $2.25. Nevertheless, trading volume fell to 0.59 million shares from 11.09 million shares the previous day.
Support And Resistance Levels for Brightcove Inc (BCOV)
According to the 24-hour chart, there is a support level at 4.30, which, if violated, would cause prices to drop to 4.28. In the upper region, resistance lies at 4.35. The next price resistance is at 4.38. RSI (Relative Strength Index) is 87.15 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 1.40%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
