Yahoo Finance Marc DeBevoise Bought 18% More Shares In Brightcove
Whilst it may not be a huge deal, we thought it was good to see that the Brightcove Inc. (NASDAQ:BCOV) CEO & Director, Marc DeBevoise, recently bought US$51k worth of stock, for US$2.03 per share. While we're hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 18%.
Check out our latest analysis for Brightcove
Brightcove Insider Transactions Over The Last Year
In fact, the recent purchase by CEO & Director Marc DeBevoise was not their only acquisition of Brightcove shares this year. Earlier in the year, they paid US$3.53 per share in a US$245k purchase. That means that an insider was happy to buy shares at above the current price of US$2.22. It's very possible they regret the purchase, but it's more likely they are bullish about the company. We always take careful note of the price insiders pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was Marc DeBevoise.
Marc DeBevoise bought 115.00k shares over the last 12 months at an average price of US$3.01. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It appears that Brightcove insiders own 12% of the company, worth about US$12m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
So What Does This Data Suggest About Brightcove Insiders?
It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. But on the other hand, the company made a loss during the last year, which makes us a little cautious. When combined with notable insider ownership, these factors suggest Brightcove insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Brightcove has 2 warning signs and it would be unwise to ignore these.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
