BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Bought by Trexquant Investment LP

Trexquant Investment LP boosted its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 58.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 378,828 shares of the company's stock after purchasing an additional 139,146 shares during the quarter. Trexquant Investment LP owned approximately 0.48% of BigCommerce worth $2,318,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. New York State Common Retirement Fund raised its stake in shares of BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after acquiring an additional 4,400 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of BigCommerce during the third quarter worth $61,000. Headlands Technologies LLC lifted its holdings in shares of BigCommerce by 260.5% during the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after purchasing an additional 7,181 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of BigCommerce in the 4th quarter worth $66,000. Finally, KLP Kapitalforvaltning AS purchased a new position in BigCommerce during the 4th quarter worth $70,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the transaction, the director now owns 253,333 shares in the company, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 9.06% of the stock is owned by corporate insiders.

Remove Ads

BigCommerce Stock Performance

BigCommerce stock traded up $0.02 during trading hours on Friday, hitting $5.34. 586,616 shares of the stock traded hands, compared to its average volume of 878,603. BigCommerce Holdings, Inc. has a 1 year low of $4.91 and a 1 year high of $8.60. The stock has a market capitalization of $419.72 million, a price-to-earnings ratio of -15.26 and a beta of 1.17. 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's 50 day moving average price is $6.21 and its 200-day moving average price is $6.24.

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

Analysts Set New Price Targets

A number of research firms have commented on BIGC. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Barclays lowered shares of BigCommerce from an "equal weight" rating to an "underweight" rating and decreased their price objective for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.80.

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.