First Eagle Investment Management LLC Has $1.82 Million Stake in Brightcove Inc. (NASDAQ:BCOV)

First Eagle Investment Management LLC lessened its position in Brightcove Inc. (NASDAQ:BCOV) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 419,338 shares of the software maker’s stock after selling 249,460 shares during the period. First Eagle Investment Management LLC owned 0.92% of Brightcove worth $1,824,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of Brightcove by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 30,689 shares of the software maker’s stock valued at $66,000 after buying an additional 15,291 shares during the period. R Squared Ltd bought a new stake in Brightcove during the 4th quarter worth approximately $90,000. Bailard Inc. acquired a new position in Brightcove in the 4th quarter valued at approximately $156,000. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Brightcove during the fourth quarter valued at $159,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Brightcove by 1,124.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 245,526 shares of the software maker’s stock valued at $530,000 after acquiring an additional 225,482 shares during the last quarter. 80.12% of the stock is currently owned by institutional investors.

Brightcove Price Performance

Shares of NASDAQ BCOV opened at $4.45 on Monday. The company has a market capitalization of $202.12 million, a PE ratio of -21.19 and a beta of 1.01. Brightcove Inc. has a twelve month low of $1.55 and a twelve month high of $4.46. The firm has a fifty day simple moving average of $4.44 and a 200 day simple moving average of $3.50.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BCOV shares. StockNews.com began coverage on Brightcove in a report on Sunday. They issued a “buy” rating for the company. Rosenblatt Securities reissued a “neutral” rating and issued a $4.45 price target (down previously from $5.00) on shares of Brightcove in a research note on Monday, November 25th. Finally, Lake Street Capital lowered Brightcove from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 25th.

About Brightcove

Brightcove Inc provides cloud-based streaming services the Americas, Europe, the Asia Pacific, Japan, India, and the Middle East. It offers Video Cloud, an online video streaming platform that enables its customers to publish, deliver, and distribute high-quality video to internet-connected devices. The company’s solutions and products comprise Brightcove Marketing Studio, a video streaming solution; Brightcove Communications Studio for marketers and corporate communications professionals; Brightcove Media Studio, a solution for over-the-top (OTT) video services, media publishers, and leading broadcasters to monetize their media, live stream at scale, and nurture their audience lifecycle; Brightcove Audience Insights, a customer data platform for video streaming businesses; Zencoder, a cloud-based video encoding service; and Brightcove Beacon, a platform that enables its customers to launch premium OTT video streaming experiences, as well as Brightcove Marketplace.