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

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff bought 3,239 shares of the stock in a transaction on Monday, February 24th. The stock was purchased at an average cost of $6.28 per share, for a total transaction of $20,340.92. Following the acquisition, the director now directly owns 56,572 shares of the company’s stock, valued at $355,272.16. The trade was a 6.07 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

BigCommerce Stock Up 1.7 %

Shares of NASDAQ:BIGC traded up $0.12 during midday trading on Wednesday, hitting $6.99. 1,503,837 shares of the company’s stock traded hands, compared to its average volume of 895,209. BigCommerce Holdings, Inc. has a twelve month low of $5.13 and a twelve month high of $8.60. The company has a market cap of $547.48 million, a PE ratio of -19.96 and a beta of 1.18. 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’s fifty day moving average price is $6.40 and its two-hundred day moving average price is $6.21.

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

Hedge Funds Weigh In On BigCommerce

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in shares of BigCommerce by 154.9% in the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after buying an additional 70,902 shares during the period. Jane Street Group LLC lifted its stake in BigCommerce by 88.2% in the third quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock valued at $1,207,000 after buying an additional 96,667 shares during the last quarter. Walleye Capital LLC bought a new position in shares of BigCommerce during the third quarter worth about $170,000. International Assets Investment Management LLC acquired a new stake in shares of BigCommerce in the 3rd quarter worth about $920,000. Finally, Intech Investment Management LLC bought a new stake in BigCommerce in the 3rd quarter valued at about $112,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BIGC. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Friday, February 21st. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average 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.