5 Stocks to Buy Now According to Chet Kapoor’s Tenzing Global

4. Brightcove Inc. (NASDAQ:BCOV)

Tenzing Global’s Holdings: $40 million

Percentage of Tenzing Global Portfolio: 13.65%

Number of Hedge Fund Holders: 17

Brightcove Inc. (NASDAQ:BCOV) operates a cloud-based video distribution platform. Additionally, it also provides a video player, a live streaming platform, a video encoding service, and an employee training platform for firms. It is headquartered in Boston, Massachusetts.

In its Q3, Brightcove Inc. (NASDAQ:BCOV) brought in $52 million in revenue and $0.05 in non-GAAP EPS, pleasing Wall Street by beating both metrics’ estimates. However, as the company’s key executives announced their retirement, Northland removed its $23 price target for the firm in October 2021, outlining that the upcoming fiscal year doesn’t hold any fireworks for the video firm.

Tenzing Global held 3.5 million Brightcove Inc. (NASDAQ:BCOV) shares during Q3 2021, in a $40 million stake that made up 13.65% of its portfolio. 17 of the 867 hedge funds polled by Insider Monkey also held stakes in the video company in Q3 2021.

Douglas T. Granat’s Trigran Investments is Brightcove Inc. (NASDAQ:BCOV)’s the largest investor through owning 4.8 million shares that are worth $55 million.