Algert Global LLC Boosts Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Algert Global LLC grew its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 67.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,072 shares of the company's stock after purchasing an additional 181,222 shares during the period. Algert Global LLC owned about 0.58% of BigCommerce worth $2,627,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Intech Investment Management LLC purchased a new position in shares of BigCommerce during the third quarter valued at approximately $112,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in BigCommerce by 196.1% in 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 in the last quarter. Aigen Investment Management LP purchased a new position in BigCommerce during the 3rd quarter valued at $105,000. Harbor Capital Advisors Inc. raised its holdings in 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 purchasing an additional 8,297 shares in the last quarter. Finally, Horrell Capital Management Inc. purchased a new stake in shares of BigCommerce in the 3rd quarter worth about $439,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BIGC has been the subject of a number of research reports. Needham & Company LLC reissued a "buy" rating and issued a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. Stifel Nicolaus decreased their target price on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Bank of America dropped their price target on BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research report on Thursday, August 29th. Finally, Barclays decreased 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. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, BigCommerce currently has a consensus rating of "Hold" and a consensus price target of $8.81.

BigCommerce Stock Up 0.1 %

BIGC stock traded up $0.01 on Wednesday, reaching $7.41. 1,136,537 shares of the company traded hands, compared to its average volume of 807,173. 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 fifty day simple moving average of $5.91 and a 200-day simple moving average of $6.73. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $10.19. The company has a market cap of $580.80 million, a P/E ratio of -20.58 and a beta of 0.99.

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.