BigCommerce (NASDAQ:BIGC) Stock Price Down 5%

Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Get Free Report) were down 5% during trading on Wednesday . The company traded as low as $7.38 and last traded at $7.38. Approximately 424,417 shares were traded during trading, a decline of 40% from the average daily volume of 702,001 shares. The stock had previously closed at $7.77.

Analyst Ratings Changes

A number of analysts have commented on BIGC shares. Needham & Company LLC restated a "buy" rating and set a $14.00 price target on shares of BigCommerce in a research note on Friday, May 10th. Morgan Stanley cut their price objective on shares of BigCommerce from $10.00 to $8.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 17th. Bank of America reaffirmed an "underperform" rating and set a $7.50 price objective (down from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Finally, Barclays lifted their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the stock an "equal weight" rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $9.63.

BigCommerce Stock Down 5.8 %

The stock's fifty day moving average is $7.75 and its two-hundred day moving average is $7.70. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 12.63. The company has a market capitalization of $565.69 million, a PE ratio of -11.44 and a beta of 1.00.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, topping analysts' consensus estimates of ($0.09) by $0.04. The company had revenue of $80.36 million for the quarter, compared to the consensus estimate of $77.46 million. BigCommerce had a negative net margin of 15.39% and a negative return on equity of 109.97%. As a group, analysts predict that BigCommerce Holdings, Inc. will post -0.28 EPS for the current year.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, insider Brent Bellm sold 31,907 shares of the company's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $8.35, for a total transaction of $266,423.45. Following the sale, the insider now directly owns 719,939 shares of the company's stock, valued at $6,011,490.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other BigCommerce news, insider Brent Bellm sold 31,907 shares of the company's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $8.35, for a total transaction of $266,423.45. Following the sale, the insider now directly owns 719,939 shares of the company's stock, valued at $6,011,490.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Brian Singh Dhatt sold 5,787 shares of the company's stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $8.35, for a total transaction of $48,321.45. Following the sale, the chief technology officer now directly owns 240,841 shares in the company, valued at $2,011,022.35. The disclosure for this sale can be found here. Insiders own 9.06% of the company's stock.

Institutional Investors Weigh In On BigCommerce

Several hedge funds and other institutional investors have recently modified their holdings of BIGC. Acadian Asset Management LLC bought a new stake in shares of BigCommerce during the first quarter valued at about $80,000. Virtu Financial LLC bought a new position in shares of BigCommerce in the first quarter worth approximately $104,000. Tower Research Capital LLC TRC increased its position in shares of BigCommerce by 719.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,178 shares of the company's stock worth $109,000 after purchasing an additional 9,814 shares during the last quarter. Versor Investments LP bought a new position in shares of BigCommerce in the fourth quarter worth approximately $129,000. Finally, Bayesian Capital Management LP bought a new position in shares of BigCommerce in the first quarter worth approximately $144,000. 79.21% of the stock is currently owned by institutional investors.

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.