What Smart Money Thinks about Brightcove Inc (BCOV)?

Due to the fact that Brightcove Inc (NASDAQ:BCOV) has faced falling interest from the smart money, logic holds that there is a sect of hedge funds that decided to sell off their entire stakes last quarter. Intriguingly, Philip Hempleman’s Ardsley Partners said goodbye to the largest investment of the 700 funds followed by Insider Monkey, totaling about $300,000 in stock. Dmitry Balyasny’s fund, Balyasny Asset Management, also cut its stock, worth approximately $100,000.

Let’s now review hedge fund activity in other stocks – not necessarily in the same industry as Brightcove Inc (NASDAQ:BCOV) but similarly valued. These stocks are Cohu, Inc. (NASDAQ:COHU), Jive Software Inc (NASDAQ:JIVE), LSB Industries, Inc. (NYSE:LXU), and RAIT Financial Trust (NYSE:RAS). This group of stocks’ market valuations are closest to BCOV’s market valuation.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $40 million. That figure was $57 million in BCOV’s case. Cohu, Inc. (NASDAQ:COHU) is the most popular stock in this table. On the other hand LSB Industries, Inc. (NYSE:LXU) is the least popular one with only 8 bullish hedge fund positions. Compared to these stocks Brightcove Inc (NASDAQ:BCOV) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.