Short Interest Runner: Could Brightcove Incorporated (NASDAQ:BCOV) Skyrocket? The Stock Has Too Many Sellers

November 25, 2016 - By Darrin Black   ·   0 Comments

Short Interest Runner: Could Brightcove Incorporated (NASDAQ:BCOV) Skyrocket? The Stock Has Too Many Sellers

The stock of Brightcove Incorporated (NASDAQ:BCOV) registered an increase of 16.32% in short interest. BCOV’s total short interest was 1.09M shares in November as published by FINRA. Its up 16.32% from 936,300 shares, reported previously. With 211,000 shares average volume, it will take short sellers 5 days to cover their BCOV’s short positions. The short interest to Brightcove Incorporated’s float is 3.43%. About 73,189 shares traded hands. Brightcove Inc (NASDAQ:BCOV) has risen 35.55% since April 22, 2016 and is uptrending. It has outperformed by 30.14% the S&P500.

Brightcove Inc. is a provider of cloud services for video. The company has a market cap of $290.64 million. The Company’s flagship product is Brightcove Video Cloud , an online video platform. It currently has negative earnings. The Company’s other products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift).

Insitutional Activity: The institutional sentiment increased to 1.57 in 2016 Q2. Its up 0.42, from 1.15 in 2016Q1. The ratio is positive, as 9 funds sold all Brightcove Inc shares owned while 31 reduced positions. 15 funds bought stakes while 31 increased positions. They now own 17.75 million shares or 12.68% less from 20.33 million shares in 2016Q1.
Prudential Financial Inc last reported 15,210 shares in the company. Moreover, Wells Fargo And Commerce Mn has 0% invested in Brightcove Inc (NASDAQ:BCOV) for 12,486 shares. Pnc Fincl Inc has invested 0% of its portfolio in Brightcove Inc (NASDAQ:BCOV). Herald Investment Ltd has 1.73% invested in the company for 471,000 shares. Balyasny Asset Mgmt Ltd Liability Company owns 12,932 shares or 0% of their US portfolio. Tudor Inv Corp Et Al accumulated 0% or 12,603 shares. Cortina Asset Mgmt Ltd Liability Corporation holds 471,006 shares or 0.19% of its portfolio. Essex Inv Management Limited Liability has invested 0.15% of its portfolio in Brightcove Inc (NASDAQ:BCOV). Renaissance Ltd Liability Corporation last reported 0.02% of its portfolio in the stock. Moreover, Eam Limited Liability has 0.39% invested in Brightcove Inc (NASDAQ:BCOV) for 297,779 shares. Credit Suisse Ag has 0% invested in the company for 50,577 shares. Panagora Asset Management Incorporated holds 0.02% of its portfolio in Brightcove Inc (NASDAQ:BCOV) for 496,475 shares. California State Teachers Retirement Systems, a California-based fund reported 62,825 shares. Tfs Capital Lc reported 118,239 shares or 0.19% of all its holdings. Blackrock Fund Advsr has 0% invested in the company for 776,963 shares.

Insider Transactions: Since August 22, 2016, the stock had 0 insider purchases, and 7 sales for $6.00 million net activity. Kapoor Chet had sold 5,700 shares worth $70,036. Stagno Christopher sold $64,850 worth of Brightcove Inc (NASDAQ:BCOV) on Wednesday, September 7. KURNIT SCOTT had sold 100,000 shares worth $1.20M. $179,286 worth of Brightcove Inc (NASDAQ:BCOV) shares were sold by RHODES KEVIN R.

Brightcove Inc (NASDAQ:BCOV) Ratings Coverage

Out of 3 analysts covering Brightcove (NASDAQ:BCOV), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Brightcove has been the topic of 3 analyst reports since July 31, 2015 according to StockzIntelligence Inc. Ladenburg Thalmann initiated Brightcove Inc (NASDAQ:BCOV) on Tuesday, March 22 with “Buy” rating. The stock has “Buy” rating given by Dougherty & Company on Tuesday, September 6. The stock of Brightcove Inc (NASDAQ:BCOV) earned “Buy” rating by Stifel Nicolaus on Friday, July 31.

BCOV Company Profile

Brightcove Inc., incorporated on August 24, 2004, is a well-known provider of cloud services for video. The Company’s flagship product is Brightcove Video Cloud (Video Cloud), an online video platform. The Company’s other services and products include Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Gallery (Gallery), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite) and Brightcove Lift (Lift). The Firm provides its solutions to media companies, broadcasters, publishers, brands and firms, as well as governments, educational institutions and non-profit organizations. The Firm operates data center facilities in the greater Boston area, the greater Chicago area, Phoenix and Amsterdam, and also uses third-party cloud computing platforms. It operates its own servers for systems that manage meta-data, business rules and archival storage of media assets.

Another recent and important Brightcove Inc (NASDAQ:BCOV) news was published by Businesswire.com which published an article titled: “The Boston Globe Names Brightcove a Top Place to Work for 2016” on November 18, 2016.

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By Darrin Black


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