BigCommerce (NASDAQ:BIGC) released its quarterly earnings results on Monday. The company reported ($0.04) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.07, MarketWatch Earnings reports. The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $42.18 million. BigCommerce’s revenue for the quarter was up 40.7% compared to the same quarter last year.
Shares of NASDAQ:BIGC traded down $1.88 on Wednesday, hitting $44.59. The stock had a trading volume of 57,614 shares, compared to its average volume of 2,115,811. BigCommerce has a twelve month low of $43.80 and a twelve month high of $162.50. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $55.95 and its 200-day moving average price is $67.17.
In other news, CTO Brian Singh Dhatt sold 10,000 shares of the business’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $69.19, for a total value of $691,900.00. Following the sale, the chief technology officer now owns 86,624 shares in the company, valued at approximately $5,993,514.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jimmy Duvall sold 120,409 shares of the business’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $61.49, for a total transaction of $7,403,949.41. Following the completion of the sale, the insider now owns 76,458 shares in the company, valued at approximately $4,701,402.42. The disclosure for this sale can be found here. Insiders sold a total of 1,880,382 shares of company stock worth $112,050,618 in the last 90 days.
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.
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