Susquehanna International Group LLP Acquires 364,642 Shares of Brightcove Inc. (NASDAQ:BCOV)

Susquehanna International Group LLP lifted its holdings in shares of Brightcove Inc. (NASDAQ:BCOV) by 626.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 422,816 shares of the software maker’s stock after purchasing an additional 364,642 shares during the period. Susquehanna International Group LLP owned 0.93% of Brightcove worth $1,839,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in Brightcove by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 490,700 shares of the software maker’s stock worth $2,135,000 after buying an additional 2,425 shares during the period. AMH Equity Ltd raised its position in shares of Brightcove by 1.5% during the fourth quarter. AMH Equity Ltd now owns 507,513 shares of the software maker’s stock worth $2,208,000 after acquiring an additional 7,513 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Brightcove by 30.1% in the fourth quarter. JPMorgan Chase & Co. now owns 39,938 shares of the software maker’s stock worth $174,000 after acquiring an additional 9,249 shares during the period. Quinn Opportunity Partners LLC bought a new stake in Brightcove in the fourth quarter valued at approximately $44,000. Finally, LPL Financial LLC acquired a new stake in Brightcove during the 4th quarter valued at approximately $46,000. Institutional investors own 80.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Brightcove in a research report on Sunday. They issued a “buy” rating on the stock.

Brightcove Price Performance

Shares of NASDAQ:BCOV opened at $4.45 on Friday. Brightcove Inc. has a 1 year low of $1.90 and a 1 year high of $4.46. The business’s 50-day moving average is $4.45 and its 200-day moving average is $4.15. The company has a market capitalization of $202.12 million, a price-to-earnings ratio of -21.19 and a beta of 1.01.

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.