Connor Clark & Lunn Investment Management Ltd. lifted its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 196.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 387,745 shares of the company's stock after acquiring an additional 256,783 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.50% of BigCommerce worth $2,268,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in BigCommerce by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company's stock valued at $70,817,000 after purchasing an additional 572,396 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of BigCommerce by 8.0% during the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company's stock worth $11,551,000 after purchasing an additional 106,080 shares in the last quarter. Clearline Capital LP increased its position in BigCommerce by 27.3% during the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company's stock valued at $7,656,000 after purchasing an additional 203,785 shares during the period. 272 Capital LP boosted its holdings in BigCommerce by 40.0% in the second quarter. 272 Capital LP now owns 884,750 shares of the company's stock worth $7,131,000 after purchasing an additional 252,946 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of BigCommerce by 42.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 669,986 shares of the company's stock valued at $4,602,000 after purchasing an additional 198,638 shares in the last quarter. Institutional investors own 79.21% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their target price on BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Bank of America reduced their price target on BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research note on Thursday, August 29th. Finally, Barclays decreased their price target on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.81.
Check Out Our Latest Report on BigCommerce
BigCommerce Stock Up 2.9 %
NASDAQ BIGC traded up $0.21 on Tuesday, reaching $7.40. The company had a trading volume of 2,372,671 shares, compared to its average volume of 805,723. The firm has a market capitalization of $580.01 million, a PE ratio of -19.97 and a beta of 0.99. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $10.19. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a 50-day moving average of $5.86 and a 200-day moving average of $6.73.
BigCommerce Company Profile
(
Free Report)
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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