Circumference Group LLC Acquires Shares of 75,000 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Circumference Group LLC bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the third quarter, HoldingsChannel reports. The firm bought 75,000 shares of the company’s stock, valued at approximately $439,000. BigCommerce accounts for 0.5% of Circumference Group LLC’s holdings, making the stock its 26th largest holding.

Other large investors have also recently modified their holdings of the company. Canada Pension Plan Investment Board bought a new stake in BigCommerce in the second quarter worth $35,000. Harbor Capital Advisors Inc. lifted its holdings in shares of BigCommerce by 93.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after acquiring an additional 8,297 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of BigCommerce in the 1st quarter worth about $104,000. Aigen Investment Management LP purchased a new position in shares of BigCommerce during the 3rd quarter worth about $105,000. Finally, Paloma Partners Management Co bought a new position in BigCommerce during the 3rd quarter valued at about $106,000. Institutional investors own 79.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BIGC shares. Bank of America dropped their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. Barclays dropped their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Stifel Nicolaus reduced their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $14.00 target price on shares of BigCommerce in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, BigCommerce currently has a consensus rating of “Hold” and a consensus price target of $8.81.

BigCommerce Stock Down 0.5 %

NASDAQ:BIGC opened at $7.37 on Monday. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $577.66 million, a PE ratio of -20.47 and a beta of 0.99. The company has a 50-day moving average of $5.96 and a 200 day moving average of $6.72. BigCommerce Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $10.19.

BigCommerce 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.