BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 14.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,643,649 shares of the company's stock after selling 288,500 shares during the quarter. Franklin Resources Inc. owned 2.10% of BigCommerce worth $10,059,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund raised its position in BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after acquiring an additional 4,400 shares during the period. Virtu Financial LLC purchased a new stake in BigCommerce in the 3rd quarter worth approximately $61,000. Sanctuary Advisors LLC purchased a new position in BigCommerce during the fourth quarter valued at approximately $66,000. KLP Kapitalforvaltning AS bought a new position in shares of BigCommerce in the fourth quarter worth approximately $70,000. Finally, HighTower Advisors LLC raised its position in shares of BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock valued at $89,000 after purchasing an additional 2,200 shares during the period. 79.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Barclays cut shares of 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 report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.80.

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BigCommerce Price Performance

Shares of NASDAQ BIGC traded up $0.01 during trading on Monday, hitting $5.35. The company had a trading volume of 42,176 shares, compared to its average volume of 875,445. The stock has a fifty day simple moving average of $6.21 and a two-hundred day simple moving average of $6.24. The firm has a market capitalization of $420.51 million, a price-to-earnings ratio of -15.29 and a beta of 1.17. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a fifty-two week low of $4.91 and a fifty-two week high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $87.03 million for the quarter, compared to analyst estimates of $86.90 million. On average, research analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the transaction, the director now owns 253,333 shares of the company's stock, valued at $1,682,131.12. This trade represents a 232.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.06% of the stock is currently owned by insiders.

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.