In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Brightcove Inc. (NASDAQ:BCOV) reported that Edenbrook Capital, Llc. has picked up 4,997,947 of common stock as of 2017-06-19.
The acquisition brings the aggregate amount owned by Edenbrook Capital, Llc. to a total of 4,997,947 representing a 5% stake in the company.
For those not familiar with the company, Brightcove Inc. is a global provider of cloud-based services for video. The Company’s products and services include Brightcove Video Cloud (Video Cloud), Brightcove Zencoder (Zencoder), Brightcove Once (Once), Brightcove Perform (Perform), Brightcove Video Marketing Suite (Video Marketing Suite), Brightcove Lift (Lift), Brightcove OTT Flow (OTT Flow) and Brightcove Enterprise Video Suite (Enterprise Video Suite), among others. Video Cloud is an online video platform. Video Cloud enables its customers to publish and distribute video to Internet-connected devices. Zencoder is a cloud-based video encoding service. Once is a cloud-based advertisement insertion and video stitching service. Perform is a cloud-based service for creating and managing video player experiences. Video Marketing Suite is a suite of video technologies designed to address the needs of marketers to drive awareness, engagement and conversion.
A glance at Brightcove Inc. (NASDAQ:BCOV)’s key stats reveals a current market capitalization of $211.99 Million based on $33.78 Million shares outstanding and a price at last close of $6.32 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-05-06, Rhodes picked up 3,600 at a purchase price of $6.93. This brings their total holding to 72,410 as of the date of the filing.
On the sell side, the most recent transaction saw Kurnit unload 17,700 shares at a sale price of $12.40. This brings their total holding to 74,494.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Brightcove Inc. (NASDAQ:BCOV) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.