BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Algert Global LLC

Algert Global LLC decreased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 33.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 297,247 shares of the company’s stock after selling 151,825 shares during the period. Algert Global LLC’s holdings in BigCommerce were worth $1,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Divisar Capital Management LLC increased its holdings in BigCommerce by 48.5% in the 4th quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company’s stock worth $11,457,000 after buying an additional 611,811 shares during the period. Rice Hall James & Associates LLC purchased a new stake in shares of BigCommerce in the fourth quarter worth about $2,296,000. Monimus Capital Management LP acquired a new stake in BigCommerce during the fourth quarter worth about $1,938,000. Connor Clark & Lunn Investment Management Ltd. raised its position in BigCommerce by 79.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company’s stock valued at $4,260,000 after acquiring an additional 308,384 shares in the last quarter. Finally, ExodusPoint Capital Management LP purchased a new stake in BigCommerce in the 4th quarter worth approximately $1,102,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

BIGC has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of BigCommerce from $7.00 to $6.00 and set an “underweight” rating on the stock in a report on Monday, April 21st. Morgan Stanley cut their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. 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. Finally, The Goldman Sachs Group cut their price objective on BigCommerce from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.58.

BigCommerce Price Performance

Shares of BigCommerce stock opened at $5.16 on Friday. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The business has a 50 day simple moving average of $5.56 and a two-hundred day simple moving average of $6.16. The stock has a market capitalization of $405.58 million, a P/E ratio of -14.74 and a beta of 1.18. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60.

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

Insider Activity at BigCommerce

In related news, Director Ellen F. Siminoff bought 177,158 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the acquisition, the director now directly owns 253,333 shares in the company, valued at approximately $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. 4.99% of the stock is owned by corporate insiders.

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.