BigCommerce Holdings, Inc. (NASDAQ:BIGC) CFO Sells $1,698,300.00 in Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) CFO Robert Alvarez sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 16th. The stock was sold at an average price of $56.61, for a total value of $1,698,300.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Robert Alvarez also recently made the following trade(s):

  • On Thursday, August 19th, Robert Alvarez sold 20,000 shares of BigCommerce stock. The shares were sold at an average price of $54.32, for a total value of $1,086,400.00.
  • On Wednesday, June 23rd, Robert Alvarez sold 6,587 shares of BigCommerce stock. The shares were sold at an average price of $65.01, for a total value of $428,220.87.

Shares of BIGC traded down $3.64 during mid-day trading on Monday, hitting $54.73. 1,947,707 shares of the company traded hands, compared to its average volume of 1,732,474. The stock has a 50-day moving average price of $61.45 and a two-hundred day moving average price of $58.82. BigCommerce Holdings, Inc. has a 1 year low of $42.17 and a 1 year high of $109.15. The stock has a market cap of $3.89 billion and a price-to-earnings ratio of -81.85.

A number of brokerages recently commented on BIGC. Zacks Investment Research downgraded BigCommerce from a “hold” rating to a “sell” rating in a report on Thursday, August 12th. Canaccord Genuity increased their price objective on BigCommerce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 28th. Barclays cut their target price on BigCommerce from $72.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Friday. Needham & Company LLC began coverage on BigCommerce in a research note on Monday, August 23rd. They issued a “buy” rating and a $85.00 target price on the stock. Finally, Jefferies Financial Group cut their target price on BigCommerce from $75.00 to $64.00 in a research note on Friday, May 28th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $70.73.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of BigCommerce by 315.3% during the first quarter. Rhumbline Advisers now owns 39,769 shares of the company’s stock valued at $2,299,000 after purchasing an additional 30,192 shares during the last quarter. Weiss Multi Strategy Advisers LLC purchased a new stake in BigCommerce during the first quarter valued at approximately $869,000. Penserra Capital Management LLC increased its holdings in BigCommerce by 5.9% during the first quarter. Penserra Capital Management LLC now owns 363,847 shares of the company’s stock valued at $21,030,000 after buying an additional 20,430 shares during the last quarter. American Century Companies Inc. increased its stake in shares of BigCommerce by 11.0% in the second quarter. American Century Companies Inc. now owns 701,700 shares of the company’s stock worth $45,555,000 after purchasing an additional 69,457 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of BigCommerce in the second quarter worth $311,000. 66.59% of the stock is owned by hedge funds and other institutional investors.

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. The company's platform provides various services for launching and scaling ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

Further Reading: What does it mean to hold a stock in street name?

Insider Buying and Selling by Quarter for BigCommerce (NASDAQ:BIGC)

Receive News & Ratings for BigCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BigCommerce and related companies with MarketBeat.com's FREE daily email newsletter.