Renaissance Technologies LLC Buys 55,353 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Renaissance Technologies LLC raised its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 880,005 shares of the company's stock after purchasing an additional 55,353 shares during the quarter. Renaissance Technologies LLC owned approximately 1.12% of BigCommerce worth $5,386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its holdings in shares of BigCommerce by 154.9% in the third quarter. Barclays PLC now owns 116,667 shares of the company's stock valued at $682,000 after buying an additional 70,902 shares during the last quarter. Jane Street Group LLC raised its stake in shares of BigCommerce by 88.2% in the third quarter. Jane Street Group LLC now owns 206,265 shares of the company's stock worth $1,207,000 after acquiring an additional 96,667 shares during the last quarter. Virtu Financial LLC lifted its position in shares of BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after purchasing an additional 5,926 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after purchasing an additional 4,400 shares during the last quarter. Finally, State Street Corp raised its position in BigCommerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company's stock worth $8,904,000 after purchasing an additional 16,561 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Insider Activity at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the purchase, the director now owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.06% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BIGC. Barclays decreased their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday. Morgan Stanley decreased their price target on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.40.

BigCommerce Trading Up 2.1 %

Shares of BIGC stock traded up $0.11 during trading hours on Thursday, reaching $5.23. The company had a trading volume of 316,662 shares, compared to its average volume of 860,863. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a market cap of $410.69 million, a price-to-earnings ratio of -14.93 and a beta of 1.17. The company has a 50 day moving average of $5.94 and a 200 day moving average of $6.20.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. On average, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

BigCommerce 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.