BigCommerce Holdings, Inc. (NASDAQ:BIGC) Position Boosted by Graham Capital Management L.P.

Graham Capital Management L.P. increased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 848.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 98,107 shares of the company’s stock after purchasing an additional 87,761 shares during the period. Graham Capital Management L.P. owned 0.13% of BigCommerce worth $600,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BIGC. Barclays PLC lifted its holdings in BigCommerce by 154.9% during the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after buying an additional 70,902 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BigCommerce during the 4th quarter valued at approximately $66,000. Rice Hall James & Associates LLC bought a new position in BigCommerce during the fourth quarter worth $2,296,000. New York State Common Retirement Fund boosted its holdings in BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after purchasing an additional 4,400 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock valued at $7,730,000 after purchasing an additional 42,920 shares during the last quarter. 79.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BIGC. Morgan Stanley dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group dropped their price objective on shares of BigCommerce from $9.50 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, May 9th. Barclays decreased their target price on BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $7.58.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff acquired 177,158 shares of BigCommerce stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the acquisition, the director now directly owns 253,333 shares of the company’s stock, valued at $1,682,131.12. This trade represents a 232.57% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 4.99% of the company’s stock.

BigCommerce Stock Up 0.2%

BigCommerce stock opened at $5.34 on Thursday. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60. The company has a 50-day simple moving average of $5.49 and a 200-day simple moving average of $6.16. The firm has a market capitalization of $419.72 million, a P/E ratio of -15.26 and a beta of 1.18.

BigCommerce (NASDAQ:BIGC) last posted its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $82.37 million during the quarter, compared to analyst estimates of $82.48 million. During the same period in the previous year, the business posted $0.07 EPS. BigCommerce’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

BigCommerce Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for enterprises, small businesses, and mid-markets in the United States, North and South America, Europe, the Middle East, Africa, and the AsiaPacific. The company provides a platform for launching and scaling an ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integration into third-party services.