Jane Street Group LLC Raises Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Jane Street Group LLC raised its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 88.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,265 shares of the company's stock after purchasing an additional 96,667 shares during the period. Jane Street Group LLC owned approximately 0.27% of BigCommerce worth $1,207,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of BIGC. Canada Pension Plan Investment Board purchased a new stake in BigCommerce during the second quarter valued at about $35,000. HighTower Advisors LLC lifted 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 acquiring an additional 2,200 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in 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 acquiring an additional 8,297 shares during the period. Aigen Investment Management LP bought a new position in BigCommerce during the 3rd quarter worth approximately $105,000. Finally, Quantinno Capital Management LP purchased a new position in BigCommerce in the 3rd quarter worth approximately $105,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Trading Up 1.0 %

Shares of NASDAQ:BIGC traded up $0.06 on Monday, hitting $6.19. The company had a trading volume of 627,208 shares, compared to its average volume of 818,607. The firm's 50-day simple moving average is $6.44 and its two-hundred day simple moving average is $6.55. The firm has a market capitalization of $485.17 million, a price-to-earnings ratio of -17.19 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. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $9.61.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BIGC. Barclays increased their price objective on BigCommerce from $7.00 to $8.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Stifel Nicolaus dropped 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. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $8.44.

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.