ExodusPoint Capital Management LP Purchases Shares of 180,029 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

ExodusPoint Capital Management LP purchased a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 180,029 shares of the company's stock, valued at approximately $1,102,000. ExodusPoint Capital Management LP owned 0.23% of BigCommerce as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BIGC. New York State Common Retirement Fund boosted its stake in BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after purchasing an additional 4,400 shares during the last quarter. Virtu Financial LLC bought a new position in shares of BigCommerce during the third quarter valued at about $61,000. Headlands Technologies LLC boosted its holdings in BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock worth $61,000 after purchasing an additional 7,181 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BigCommerce in the 4th quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in BigCommerce in the 4th quarter valued at about $70,000. Institutional investors own 79.21% of the company's stock.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff bought 177,158 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.06% of the company's stock.

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BigCommerce Price Performance

Shares of NASDAQ:BIGC remained flat at $5.16 during trading on Tuesday. The company's stock had a trading volume of 553,170 shares, compared to its average volume of 876,448. The firm has a market cap of $405.58 million, a P/E ratio of -14.74 and a beta of 1.17. BigCommerce Holdings, Inc. has a 12-month low of $4.91 and a 12-month high of $8.60. 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 firm's 50-day moving average is $6.19 and its 200 day moving average is $6.24.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The firm 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%. Sell-side analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.