BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP decreased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,073,674 shares of the company's stock after selling 156,207 shares during the quarter. Wasatch Advisors LP owned about 2.65% of BigCommerce worth $12,691,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. New York State Common Retirement Fund lifted its holdings in BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after acquiring an additional 4,400 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of BigCommerce in the 3rd quarter worth approximately $61,000. Headlands Technologies LLC lifted its stake in BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after purchasing an additional 7,181 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BigCommerce during the fourth quarter worth approximately $66,000. Finally, KLP Kapitalforvaltning AS acquired a new position in BigCommerce in the fourth quarter worth approximately $70,000. Institutional investors own 79.21% of the company's stock.

Insider Buying and Selling at BigCommerce

In other news, Director Ellen F. Siminoff acquired 177,158 shares of BigCommerce stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 in the company, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 9.06% of the company's stock.

BigCommerce Stock Down 1.4 %

NASDAQ:BIGC opened at $5.09 on Thursday. The business's fifty day moving average price is $6.13 and its 200 day moving average price is $6.22. The firm has a market capitalization of $400.07 million, a price-to-earnings ratio of -14.54 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 1-year low of $4.91 and a 1-year high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. On average, sell-side analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays lowered BigCommerce from an "equal weight" rating to an "underweight" rating and reduced their price objective 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 target on shares of BigCommerce in a research note on Wednesday, March 12th. Finally, Morgan Stanley reduced their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Wednesday. Two equities research 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 data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $7.60.

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.

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