BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the transaction, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
BigCommerce Stock Down 4.6 %
Shares of BigCommerce stock opened at $5.76 on Tuesday. 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 52-week low of $5.13 and a 52-week high of $8.60. The stock has a market capitalization of $452.74 million, a price-to-earnings ratio of -16.46 and a beta of 1.13. The company's 50 day moving average price is $6.46 and its 200-day moving average price is $6.26.
BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.05). BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The firm had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. Equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.
Institutional Trading of BigCommerce
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its stake in BigCommerce by 16.8% in the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock worth $89,000 after acquiring an additional 2,200 shares during the period. MetLife Investment Management LLC lifted its stake in BigCommerce by 10.0% in the fourth quarter. MetLife Investment Management LLC now owns 42,984 shares of the company's stock worth $263,000 after acquiring an additional 3,893 shares during the period. New York State Common Retirement Fund lifted its stake 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 during the period. LPL Financial LLC lifted its stake in BigCommerce by 12.4% in the fourth quarter. LPL Financial LLC now owns 44,464 shares of the company's stock worth $272,000 after acquiring an additional 4,892 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in BigCommerce in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 79.21% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on BIGC. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research report on Friday, February 21st. Barclays cut shares of BigCommerce from an "equal weight" rating to an "underweight" rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.80.
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About BigCommerce
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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.
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