Bigcommerce Holdings, Inc. $BIGC Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Bigcommerce Holdings, Inc. (NASDAQ:BIGC) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,178,413 shares of the company’s stock after purchasing an additional 94,448 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 1.47% of Bigcommerce worth $5,892,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Savant Capital LLC lifted its stake in shares of Bigcommerce by 66.2% during the second quarter. Savant Capital LLC now owns 16,717 shares of the company’s stock worth $84,000 after purchasing an additional 6,661 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BIGC shares. Wall Street Zen lowered Bigcommerce from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. Canaccord Genuity Group restated a “buy” rating and issued a $11.00 price target on shares of Bigcommerce in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Bigcommerce has a consensus rating of “Buy” and an average target price of $11.00.

Bigcommerce Stock Performance

BIGC stock opened at $5.19 on Thursday. The firm has a 50-day simple moving average of $4.79. The company has a market capitalization of $415.71 million, a PE ratio of -23.59 and a beta of 1.15.

Bigcommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company’s platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.