Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Healthcare of Ontario Pension Plan Trust Fund lessened its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 68.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 334,200 shares of the company's stock after selling 727,600 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.43% of BigCommerce worth $1,955,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BIGC. Canada Pension Plan Investment Board purchased a new position in shares of BigCommerce during the second quarter valued at about $35,000. AQR Capital Management LLC purchased a new stake in BigCommerce in the second quarter worth $121,000. Virtu Financial LLC bought a new position in BigCommerce in the first quarter worth $104,000. International Assets Investment Management LLC purchased a new position in BigCommerce during the third quarter valued at $920,000. Finally, Harbor Capital Advisors Inc. boosted its holdings 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 valued at $100,000 after buying an additional 8,297 shares in the last quarter. Institutional investors own 79.21% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BIGC. Stifel Nicolaus lowered their price target on shares of BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a research report on Thursday, October 3rd. Needham & Company LLC reissued a "buy" rating and issued a $14.00 target price on shares of BigCommerce in a research note on Thursday, October 3rd. Bank of America dropped their price target on shares of 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 assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, BigCommerce presently has a consensus rating of "Hold" and an average target price of $8.81.

BigCommerce Trading Down 1.4 %

BigCommerce stock traded down $0.10 during mid-day trading on Monday, hitting $7.27. The company's stock had a trading volume of 599,974 shares, compared to its average volume of 805,345. The stock has a market cap of $569.82 million, a PE ratio of -20.19 and a beta of 0.99. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $10.19. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a 50 day moving average of $5.96 and a 200-day moving average of $6.72.

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.