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BCOV Showing Recent Insider Activity

Recent activity shows that Brightcove, BCOV the Insider Confidence level is trending Up due to Corporate Insiders of BCOV Bought $601.9K worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for BCOV:
  • Edenbrook Capital, LLC - >10% Owner, Bought $99,588 worth of shares on 2 weeks ago
  • Edenbrook Capital, LLC - >10% Owner, Bought $101,323 worth of shares on 1 week ago
  • Ranjan Ritcha - Director, Bought $49,350 worth of shares on 2 months ago
  • Kristin Frank - Director, Bought $10,010 worth of shares on 2 months ago
TipRanks.com reports that Brightcove currently has 2 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $10.00 . The target pricing ranges from a high forecast of $11.00 down to a low forecast of $9.00. Brightcove (BCOV)’s last closing price was $6.85 which would put the average price target at 45.99% upside.

In addition, TradingView issued a Strong Sell rating for BCOV over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook

Brightcove, BCOV
Summary: Brightcove Inc. is engaged in providing cloud content services for publishing and distributing professional digital media. Its products include Brightcove Video Cloud, an online video platform and Brightcove App Cloud, a software application development and management platform. The Company provides its solutions to media, retail, technology, financial services companies, governments, educational institutions, and non-profit organizations in North America, Europe, and the Asia Pacific. Brightcove Inc. is headquartered in Cambridge, Massachusetts.
  • Last Price: $6.85
  • Price Change: -$0.62, -8.2999%
  • Yearly Gain: -44.83%
  • Market Cap: $284.63M
  • P/E Ratio: -221.005
Remember, securities are volatile, so please do your own research on BCOV. If you are interest in stocks like BCOV or stocks in the Technology sector, please click here.

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to BCOV, you should consider joining TipRanks.com.

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