BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Algert Global LLC

Algert Global LLC increased its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 89.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 267,850 shares of the company's stock after purchasing an additional 126,443 shares during the quarter. Algert Global LLC owned approximately 0.35% of BigCommerce worth $2,159,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of BigCommerce during the fourth quarter valued at approximately $10,236,000. Circumference Group LLC bought a new stake in BigCommerce in the 4th quarter valued at $438,000. Cadian Capital Management LP lifted its stake in BigCommerce by 13.6% in the 4th quarter. Cadian Capital Management LP now owns 7,553,280 shares of the company's stock worth $73,493,000 after purchasing an additional 904,750 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of BigCommerce by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company's stock valued at $94,438,000 after purchasing an additional 762,437 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of BigCommerce during the first quarter valued at about $564,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on BIGC. Bank of America decreased their target price on shares of 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 reissued a "buy" rating and issued a $14.00 price objective on shares of BigCommerce in a research note on Thursday. Barclays dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. Finally, Stifel Nicolaus lowered their target price on BigCommerce from $10.00 to $8.00 and set a "buy" rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, BigCommerce has an average rating of "Hold" and a consensus price target of $8.81.

BigCommerce Stock Performance

BigCommerce stock traded down $0.05 during mid-day trading on Thursday, hitting $5.62. The company had a trading volume of 1,906,922 shares, compared to its average volume of 782,347. The company's fifty day moving average is $6.09 and its 200-day moving average is $6.89. BigCommerce Holdings, Inc. has a 12-month low of $5.35 and a 12-month high of $10.29. The company has a market capitalization of $434.29 million, a price-to-earnings ratio of -8.86 and a beta of 0.98. The company has a current ratio of 4.51, a quick ratio of 4.51 and a debt-to-equity ratio of 13.04.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.03 by $0.02. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The firm had revenue of $81.83 million for the quarter, compared to analyst estimates of $81.13 million. During the same quarter last year, the firm posted ($0.17) EPS. The business's revenue was up 8.5% on a year-over-year basis. Equities research analysts predict that BigCommerce Holdings, Inc. will post -0.3 EPS for the current year.

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.