BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 16.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,079,973 shares of the company's stock after acquiring an additional 150,260 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.39% of BigCommerce worth $6,318,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in shares of BigCommerce by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 27,167 shares of the company's stock worth $219,000 after buying an additional 2,056 shares in the last quarter. HighTower Advisors LLC grew its position in shares of BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock worth $89,000 after buying an additional 2,200 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of BigCommerce by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company's stock worth $350,000 after buying an additional 3,188 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of BigCommerce during the 2nd quarter worth $35,000. Finally, Rhumbline Advisers grew its position in shares of BigCommerce by 8.4% during the 2nd quarter. Rhumbline Advisers now owns 101,556 shares of the company's stock worth $819,000 after buying an additional 7,849 shares in the last quarter. Institutional investors own 79.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BIGC shares. Bank of America dropped their price target on BigCommerce from $8.00 to $6.00 and set an "underperform" rating on the stock in a research report on Thursday, August 29th. Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of BigCommerce in a research note on Thursday, October 3rd. Barclays upped their price objective on BigCommerce from $7.00 to $8.00 and gave the stock an "equal weight" rating in a research note on Friday. Finally, Stifel Nicolaus decreased their price objective on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $8.94.

BigCommerce Stock Performance

Shares of NASDAQ:BIGC traded up $0.22 during trading on Friday, hitting $7.75. The stock had a trading volume of 1,051,746 shares, compared to its average volume of 809,672. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $10.19. The stock has a market capitalization of $607.45 million, a price-to-earnings ratio of -21.61 and a beta of 1.15. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The stock has a 50-day simple moving average of $6.09 and a two-hundred day simple moving average of $6.72.

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.