EntryPoint Capital LLC Takes Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

EntryPoint Capital LLC acquired a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 87,780 shares of the company's stock, valued at approximately $537,000. EntryPoint Capital LLC owned approximately 0.11% of BigCommerce at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in BIGC. Connor Clark & Lunn Investment Management Ltd. lifted its position in BigCommerce by 196.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company's stock worth $2,268,000 after acquiring an additional 256,783 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of BigCommerce during the 3rd quarter worth approximately $112,000. Algert Global LLC lifted its holdings in shares of BigCommerce by 67.7% during the third quarter. Algert Global LLC now owns 449,072 shares of the company's stock valued at $2,627,000 after acquiring an additional 181,222 shares during the period. Walleye Capital LLC bought a new position in BigCommerce during the 3rd quarter valued at about $170,000. Finally, Paloma Partners Management Co bought a new position in shares of BigCommerce in the third quarter valued at approximately $106,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Stock Down 2.5 %

Shares of NASDAQ BIGC traded down $0.15 during mid-day trading on Friday, reaching $5.87. 785,677 shares of the company's stock were exchanged, compared to its average volume of 873,408. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The business has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.27. BigCommerce Holdings, Inc. has a twelve month low of $5.13 and a twelve month high of $8.60. The firm has a market capitalization of $461.38 million, a price-to-earnings ratio of -16.77 and a beta of 1.13.

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BigCommerce (NASDAQ:BIGC - Get Free Report) last posted 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). The company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. As a group, equities analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Insider Transactions at BigCommerce

In related news, Director Ellen F. Siminoff purchased 177,158 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was purchased 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 trade represents a 232.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.06% of the company's stock.

Analyst Ratings Changes

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

BigCommerce Company 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.