BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Purchases $20,340.92 in Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff bought 3,239 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average price of $6.28 per share, with a total value of $20,340.92. Following the purchase, the director now owns 56,572 shares of the company’s stock, valued at approximately $355,272.16. This represents a 6.07 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BigCommerce Stock Down 0.1 %

Shares of NASDAQ:BIGC opened at $7.08 on Friday. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $8.60. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $554.93 million, a PE ratio of -20.23 and a beta of 1.18. The company has a fifty day simple moving average of $6.44 and a 200 day simple moving average of $6.23.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share 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 company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. On average, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BigCommerce in the 4th quarter valued at approximately $35,000. 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 purchasing an additional 4,400 shares during the period. Virtu Financial LLC acquired a new position in BigCommerce in the third quarter worth $61,000. Headlands Technologies LLC increased its stake in 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 purchasing an additional 7,181 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of BigCommerce in the 4th quarter worth about $66,000. Institutional investors own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

BIGC has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a report on Friday, February 21st. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock 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 assigned a buy rating to the stock. According to MarketBeat.com, the company 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.