Insider Buying: BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Buys $1,176,329.12 in Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff purchased 177,158 shares of the company’s stock in a transaction that occurred 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 purchase, the director now directly owns 253,333 shares in the company, valued at $1,682,131.12. This represents a 232.57 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

BigCommerce Stock Down 2.6 %

Shares of NASDAQ BIGC opened at $5.98 on Thursday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $8.60. The firm has a market capitalization of $470.03 million, a price-to-earnings ratio of -17.09 and a beta of 1.13. The business has a 50-day moving average of $6.46 and a 200-day moving average of $6.26.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $86.90 million. Sell-side analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On BigCommerce

Several hedge funds have recently added to or reduced their stakes in BIGC. Aigen Investment Management LP purchased a new position in shares of BigCommerce during the 3rd quarter valued at about $105,000. Connor Clark & Lunn Investment Management Ltd. grew its position in BigCommerce by 196.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock valued at $2,268,000 after acquiring an additional 256,783 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of BigCommerce during the third quarter worth approximately $112,000. Algert Global LLC lifted its holdings in shares of BigCommerce by 67.7% in the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after acquiring an additional 181,222 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of BigCommerce in the 3rd quarter valued at $170,000. Institutional investors own 79.21% of the company’s stock.

Analysts Set New Price Targets

BIGC has been the topic of several recent research reports. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Wednesday. 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 equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, BigCommerce presently has an average rating of “Hold” and an average price target 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.