BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by CenterBook Partners LP

CenterBook Partners LP cut its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 24.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,149,546 shares of the company's stock after selling 367,372 shares during the period. CenterBook Partners LP owned 1.47% of BigCommerce worth $7,035,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Walleye Capital LLC purchased a new position in BigCommerce during the 3rd quarter worth $170,000. HighTower Advisors LLC grew its holdings 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 buying an additional 2,200 shares during the last quarter. Quantinno Capital Management LP acquired a new position in BigCommerce in the 3rd quarter valued at about $105,000. State Street Corp raised its stake in BigCommerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company's stock valued at $8,904,000 after acquiring an additional 16,561 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in BigCommerce by 88.2% during the 3rd quarter. Jane Street Group LLC now owns 206,265 shares of the company's stock valued at $1,207,000 after acquiring an additional 96,667 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 9.06% of the stock is currently owned by company insiders.

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Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays cut BigCommerce from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, BigCommerce has an average rating of "Hold" and an average price target of $7.80.

BigCommerce Price Performance

NASDAQ:BIGC traded down $0.11 during trading hours on Monday, hitting $5.23. The company's stock had a trading volume of 131,129 shares, compared to its average volume of 875,739. The company has a market capitalization of $411.08 million, a PE ratio of -14.94 and a beta of 1.17. BigCommerce Holdings, Inc. has a 52-week low of $4.91 and a 52-week high of $8.60. The business's 50-day moving average is $6.21 and its two-hundred day moving average is $6.24. 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 (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. As a group, research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

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.