BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,263,093 shares of the company's stock after purchasing an additional 42,920 shares during the quarter. Bank of New York Mellon Corp owned 1.61% of BigCommerce worth $7,730,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Aigen Investment Management LP purchased a new stake in BigCommerce in the 3rd quarter valued at about $105,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BigCommerce by 196.1% in the 3rd 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 period. Intech Investment Management LLC acquired a new position in shares of BigCommerce in the 3rd 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 position in shares of BigCommerce during the 3rd quarter worth approximately $170,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Stock Up 0.6 %

Shares of BigCommerce stock traded up $0.04 during trading hours on Wednesday, reaching $5.90. 311,483 shares of the company were exchanged, compared to its average volume of 895,951. The firm has a market cap of $463.35 million, a PE ratio of -16.85 and a beta of 1.13. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $8.60. The stock's fifty day moving average is $6.43 and its 200 day moving average is $6.27.

Remove Ads

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $87.03 million for the quarter, compared to analysts' expectations 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, equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

BIGC has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Barclays lowered BigCommerce from an "equal weight" rating to an "underweight" rating and decreased their target price for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Two 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $7.80.

Insider Activity at BigCommerce

In other news, Director Ellen F. Siminoff acquired 177,158 shares of the company's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the transaction, the director now owns 253,333 shares in the company, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.06% of the stock is owned by corporate insiders.

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.