Jacobs Levy Equity Management Inc. Trims Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Jacobs Levy Equity Management Inc. trimmed its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 29.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 761,641 shares of the company’s stock after selling 318,332 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in BigCommerce were worth $4,661,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its holdings in BigCommerce by 154.9% in the third quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after acquiring an additional 70,902 shares in the last quarter. Virtu Financial LLC boosted its holdings in BigCommerce by 56.9% in the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company’s stock worth $100,000 after acquiring an additional 5,926 shares in the last quarter. 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 acquiring an additional 4,400 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in BigCommerce by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company’s stock worth $5,386,000 after acquiring an additional 55,353 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in BigCommerce by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock worth $7,730,000 after acquiring an additional 42,920 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares in the company, valued at approximately $1,682,131.12. This represents a 232.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.99% of the company’s stock.

BigCommerce Trading Up 0.2%

BigCommerce stock opened at $5.34 on Thursday. The business has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $6.16. The company has a market cap of $419.72 million, a P/E ratio of -15.26 and a beta of 1.18. BigCommerce Holdings, Inc. has a 52-week low of $4.85 and a 52-week high of $8.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48.

BigCommerce (NASDAQ:BIGC) last released its quarterly 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. The business had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. Analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Analyst Upgrades and Downgrades

BIGC has been the topic of several analyst reports. The Goldman Sachs Group dropped their target price on BigCommerce from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Friday, May 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays dropped their price objective on BigCommerce from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. Finally, Morgan Stanley dropped their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.58.

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.