Investors Purchase High Volume of BigCommerce Call Options (NASDAQ:BIGC)

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders acquired 7,516 call options on the stock. This represents an increase of 1,620% compared to the average volume of 437 call options.

BigCommerce Stock Performance

Shares of BIGC traded down $0.23 during midday trading on Friday, hitting $5.80. 209,931 shares of the stock traded hands, compared to its average volume of 870,403. 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 has a 1-year low of $5.13 and a 1-year high of $8.60. The business's 50 day moving average price is $6.41 and its two-hundred day moving average price is $6.27. The firm has a market capitalization of $455.49 million, a PE ratio of -16.56 and a beta of 1.13.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings data 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). 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 for the quarter, compared to the consensus estimate of $86.90 million. Equities research analysts predict that BigCommerce will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

BIGC has been the subject of a number of analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target 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 reduced their price target for the stock from $8.00 to $7.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.80.

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Insider Buying and Selling

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

Institutional Investors Weigh In On BigCommerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new position in shares of BigCommerce in the fourth quarter worth approximately $482,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of BigCommerce by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 111,052 shares of the company's stock valued at $680,000 after purchasing an additional 18,903 shares in the last quarter. Sovereign s Capital Management LLC purchased a new position in shares of BigCommerce during the fourth quarter valued at $2,586,000. Two Sigma Advisers LP acquired a new position in BigCommerce during the fourth quarter valued at $327,000. Finally, Two Sigma Investments LP acquired a new position in shares of BigCommerce in the 4th quarter valued at about $1,018,000. 79.21% of the stock is owned by institutional investors and hedge funds.

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.