BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Acquired by 272 Capital LP

272 Capital LP raised its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 19.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,455 shares of the company's stock after acquiring an additional 175,705 shares during the quarter. BigCommerce makes up 3.2% of 272 Capital LP's investment portfolio, making the stock its 7th largest holding. 272 Capital LP owned 1.35% of BigCommerce worth $6,204,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in BIGC. Canada Pension Plan Investment Board acquired a new stake in shares of BigCommerce in the second quarter worth $35,000. Virtu Financial LLC acquired a new stake in BigCommerce during the 3rd quarter valued at $61,000. HighTower Advisors LLC lifted its position in shares of BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock worth $89,000 after purchasing an additional 2,200 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company's stock valued at $100,000 after purchasing an additional 8,297 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of BigCommerce in the 3rd quarter worth $105,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Price Performance

Shares of BIGC stock traded down $0.12 during trading hours on Friday, reaching $7.04. The company's stock had a trading volume of 708,108 shares, compared to its average volume of 815,176. BigCommerce Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $10.19. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market capitalization of $551.80 million, a price-to-earnings ratio of -20.14 and a beta of 1.15. The firm's 50 day simple moving average is $6.27 and its 200-day simple moving average is $6.70.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Barclays lifted their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research report on Monday. Bank of America cut their target price on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating for the company in a research note on Thursday, August 29th. Finally, Stifel Nicolaus reduced their price objective on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.44.

About BigCommerce

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.