Insider Buying: BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Acquires 3,239 Shares of Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff purchased 3,239 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of $6.28 per share, for a total transaction of $20,340.92. Following the purchase, the director now owns 56,572 shares in the company, valued at $355,272.16. This represents a 6.07 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BigCommerce Price Performance

BigCommerce stock opened at $7.09 on Friday. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The firm has a market cap of $555.71 million, a P/E ratio of -20.26 and a beta of 1.18. The business’s fifty day moving average is $6.42 and its two-hundred day moving average is $6.22. BigCommerce Holdings, Inc. has a 52 week low of $5.13 and a 52 week high of $8.60.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. Equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BigCommerce

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BigCommerce during the fourth quarter valued at $35,000. New York State Common Retirement Fund lifted its stake in shares of BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after acquiring an additional 4,400 shares during the period. Virtu Financial LLC acquired a new position in shares of BigCommerce during the third quarter valued at $61,000. Headlands Technologies LLC lifted its stake in shares of BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company’s stock valued at $61,000 after acquiring an additional 7,181 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of BigCommerce during the fourth quarter valued at $66,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on BIGC shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note on Friday, February 21st. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $7.80.

BigCommerce Company 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.