Insider Buying: BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Buys 3,239 Shares of Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) Director Ellen F. Siminoff acquired 3,239 shares of the company's stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of $6.28 per share, with a total value of $20,340.92. Following the purchase, the director now owns 56,572 shares of the company's stock, valued at approximately $355,272.16. This trade represents a 6.07 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

BigCommerce Stock Down 0.1 %

BIGC traded down $0.01 during trading on Friday, reaching $7.08. The stock had a trading volume of 926,568 shares, compared to its average volume of 906,366. The stock's 50 day moving average is $6.44 and its two-hundred day moving average is $6.24. 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 company has a market capitalization of $554.93 million, a price-to-earnings ratio of -20.23 and a beta of 1.18. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (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 return on equity of 52.65% and a negative net margin of 8.12%. As a group, analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

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Hedge Funds Weigh In On BigCommerce

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in BigCommerce by 1.8% in the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock worth $10,859,000 after purchasing an additional 35,016 shares in the last quarter. Divisar Capital Management LLC increased its holdings in shares of BigCommerce by 48.5% during the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock valued at $11,457,000 after acquiring an additional 611,811 shares in the last quarter. Clearline Capital LP increased its holdings in shares of BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company's stock valued at $9,428,000 after acquiring an additional 661,688 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of BigCommerce by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company's stock valued at $9,363,000 after acquiring an additional 21,105 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of BigCommerce by 1.1% during the third quarter. State Street Corp now owns 1,522,002 shares of the company's stock valued at $8,904,000 after acquiring an additional 16,561 shares in the last quarter. Institutional investors own 79.21% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Barclays lowered BigCommerce from an "equal weight" rating to an "underweight" rating and dropped their price target for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a research note on Friday, February 21st. 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 company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $7.80.

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.