BigCommerce Holdings, Inc. (NASDAQ:BIGC) is GGV Capital LLC's 8th Largest Position

GGV Capital LLC decreased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 65.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 149,721 shares of the company's stock after selling 287,816 shares during the period. BigCommerce accounts for about 0.8% of GGV Capital LLC's investment portfolio, making the stock its 8th biggest position. GGV Capital LLC owned approximately 0.19% of BigCommerce worth $876,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BIGC. Canada Pension Plan Investment Board bought a new position in shares of BigCommerce in the 2nd quarter worth $35,000. Acadian Asset Management LLC purchased a new stake in shares of BigCommerce during the 1st quarter worth $80,000. Harbor Capital Advisors Inc. lifted its stake in shares of BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company's stock worth $100,000 after purchasing an additional 8,297 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the 1st quarter worth $104,000. Finally, Aigen Investment Management LP purchased a new stake in shares of BigCommerce during the 3rd quarter worth $105,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

BigCommerce Stock Performance

BigCommerce stock traded up $0.07 during trading hours on Tuesday, hitting $6.04. 599,841 shares of the stock traded hands, compared to its average volume of 796,735. 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's 50 day moving average price is $5.77 and its 200-day moving average price is $6.73. The stock has a market capitalization of $473.42 million, a price-to-earnings ratio of -16.92 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.

Wall Street Analyst Weigh In

Several research firms have issued reports on BIGC. Stifel Nicolaus cut their price target on shares of BigCommerce from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $14.00 price target on shares of BigCommerce in a report on Thursday, October 3rd. Bank of America cut their price target on shares of BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a report on Thursday, August 29th. Finally, Barclays cut their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, BigCommerce presently has an average rating of "Hold" and an average price target of $8.81.

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.