50,000 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Acquired by S Squared Technology LLC

S Squared Technology LLC bought a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 50,000 shares of the company's stock, valued at approximately $306,000. S Squared Technology LLC owned 0.06% of BigCommerce at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. HighTower Advisors LLC grew its position 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 purchasing an additional 2,200 shares during the period. Quantinno Capital Management LP bought a new position in BigCommerce during the 3rd quarter worth about $105,000. State Street Corp lifted its holdings in shares of BigCommerce by 1.1% in the third quarter. State Street Corp now owns 1,522,002 shares of the company's stock valued at $8,904,000 after purchasing an additional 16,561 shares in the last quarter. Jane Street Group LLC boosted its position in shares of BigCommerce by 88.2% during the third quarter. Jane Street Group LLC now owns 206,265 shares of the company's stock worth $1,207,000 after buying an additional 96,667 shares during the period. Finally, Barclays PLC raised its position in BigCommerce by 154.9% in the 3rd 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. 79.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BIGC. Barclays cut shares of BigCommerce from an "equal weight" rating to an "underweight" rating and decreased their price target for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Morgan Stanley cut their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Needham & Company LLC restated a "buy" rating and issued 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 assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $7.60.

BigCommerce Stock Performance

Shares of BigCommerce stock remained flat at $5.09 during trading on Friday. 668,529 shares of the stock traded hands, compared to its average volume of 879,614. BigCommerce Holdings, Inc. has a one year low of $4.91 and a one year high of $8.60. The firm has a market cap of $400.07 million, a PE ratio of -14.54 and a beta of 1.17. The stock has a fifty day moving average of $6.06 and a two-hundred day moving average of $6.21. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

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

Insider Activity at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the transaction, the director now owns 253,333 shares in the company, valued at $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.06% of the stock is owned by company insiders.

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.