Monimus Capital Management LP Invests $1.94 Million in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Monimus Capital Management LP purchased a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 316,713 shares of the company’s stock, valued at approximately $1,938,000. BigCommerce makes up approximately 1.8% of Monimus Capital Management LP’s portfolio, making the stock its 21st biggest position. Monimus Capital Management LP owned 0.40% of BigCommerce at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. New York State Common Retirement Fund lifted its stake in BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after buying an additional 4,400 shares in the last quarter. Virtu Financial LLC purchased a new stake in BigCommerce in the 3rd quarter valued at approximately $61,000. Sanctuary Advisors LLC purchased a new stake in BigCommerce in the 4th quarter valued at approximately $66,000. HighTower Advisors LLC lifted its stake in BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after buying an additional 2,200 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in BigCommerce in the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Trading Down 1.6 %

Shares of BIGC opened at $5.97 on Friday. The stock has a fifty day moving average of $6.45 and a two-hundred day moving average of $6.26. 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 company has a market capitalization of $469.24 million, a PE ratio of -17.06 and a beta of 1.13. BigCommerce Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $8.60.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $87.03 million for the quarter, compared to analyst estimates of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. As a group, analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Insider Transactions at BigCommerce

In other news, Director Ellen F. Siminoff acquired 177,158 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BIGC. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $8.00 to $7.00 in a research note on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $7.80.

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.