Herald Investment Management Ltd Grows Stock Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Herald Investment Management Ltd increased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 42.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 500,000 shares of the company's stock after buying an additional 150,000 shares during the quarter. Herald Investment Management Ltd owned 0.64% of BigCommerce worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of BIGC. HighTower Advisors LLC boosted its stake in shares of BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock valued at $89,000 after purchasing an additional 2,200 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after acquiring an additional 4,400 shares during the last quarter. LPL Financial LLC boosted its holdings in BigCommerce by 12.4% during the 4th quarter. LPL Financial LLC now owns 44,464 shares of the company's stock valued at $272,000 after acquiring an additional 4,892 shares during the period. Virtu Financial LLC grew its position in BigCommerce by 56.9% during the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after acquiring an additional 5,926 shares during the last quarter. Finally, Headlands Technologies LLC increased its stake in BigCommerce by 260.5% in the 4th 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 period. Hedge funds and other institutional investors own 79.21% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BIGC. Barclays cut their target price on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.40.

BigCommerce Stock Performance

Shares of BigCommerce stock traded up $0.05 on Wednesday, hitting $5.09. 287,529 shares of the company's stock were exchanged, compared to its average volume of 879,348. 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 stock has a market capitalization of $400.07 million, a PE ratio of -14.54 and a beta of 1.17. BigCommerce Holdings, Inc. has a 1 year low of $4.85 and a 1 year high of $8.60. The company has a 50-day simple moving average of $5.97 and a 200-day simple moving average of $6.20.

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 the consensus estimate of $0.07 by ($0.05). The business had revenue of $87.03 million for 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 anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 9.06% of the stock is owned by insiders.

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.