P.A.W. Capital Corp Purchases Shares of 250,000 Brightcove Inc. (NASDAQ:BCOV)

P.A.W. Capital Corp acquired a new stake in shares of Brightcove Inc. (NASDAQ:BCOV - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 250,000 shares of the software maker's stock, valued at approximately $540,000. Brightcove accounts for about 1.2% of P.A.W. Capital Corp's holdings, making the stock its 14th biggest position. P.A.W. Capital Corp owned about 0.56% of Brightcove at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Lynrock Lake LP increased its position in Brightcove by 2.3% during the 2nd quarter. Lynrock Lake LP now owns 4,407,745 shares of the software maker's stock valued at $10,446,000 after buying an additional 100,000 shares in the last quarter. Nantahala Capital Management LLC bought a new position in shares of Brightcove during the second quarter valued at $3,114,000. Acadian Asset Management LLC increased its holdings in shares of Brightcove by 17.3% during the second quarter. Acadian Asset Management LLC now owns 940,508 shares of the software maker's stock valued at $2,227,000 after acquiring an additional 139,049 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of Brightcove by 81.4% in the 2nd quarter. First Eagle Investment Management LLC now owns 600,334 shares of the software maker's stock worth $1,423,000 after purchasing an additional 269,302 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Brightcove by 151.0% in the 1st quarter. GSA Capital Partners LLP now owns 225,176 shares of the software maker's stock worth $437,000 after purchasing an additional 135,462 shares in the last quarter. Institutional investors own 80.12% of the company's stock.

Brightcove Trading Down 4.2 %

BCOV traded down $0.09 during trading on Friday, hitting $2.07. 67,846 shares of the company's stock traded hands, compared to its average volume of 226,992. The stock has a market capitalization of $92.98 million, a price-to-earnings ratio of -10.35 and a beta of 0.74. The company's 50 day simple moving average is $2.17 and its two-hundred day simple moving average is $2.15. Brightcove Inc. has a 12-month low of $1.55 and a 12-month high of $2.96.

Brightcove (NASDAQ:BCOV - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The software maker reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.10) by $0.01. Brightcove had a negative return on equity of 8.86% and a negative net margin of 4.28%. The firm had revenue of $49.25 million for the quarter. During the same period in the previous year, the company earned ($0.07) earnings per share. On average, equities analysts expect that Brightcove Inc. will post -0.32 EPS for the current year.

Insider Activity

In other news, major shareholder Edenbrook Capital, Llc purchased 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $1.98 per share, with a total value of $39,600.00. Following the acquisition, the insider now directly owns 6,581,414 shares of the company's stock, valued at $13,031,199.72. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 98,988 shares of company stock valued at $200,689 over the last three months. Insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Brightcove from a "hold" rating to a "buy" rating in a research note on Thursday, September 5th.

Brightcove Company Profile

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.