XTX Topco Ltd Buys Shares of 120,021 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

XTX Topco Ltd purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 120,021 shares of the company's stock, valued at approximately $735,000. XTX Topco Ltd owned approximately 0.15% of BigCommerce at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Rice Hall James & Associates LLC bought a new stake in BigCommerce in the 4th quarter worth approximately $2,296,000. Monimus Capital Management LP bought a new stake in BigCommerce in the 4th quarter worth approximately $1,938,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in BigCommerce by 79.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock worth $4,260,000 after acquiring an additional 308,384 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in BigCommerce in the 4th quarter worth approximately $1,102,000. Finally, 272 Capital LP increased its stake in BigCommerce by 19.9% in the 3rd quarter. 272 Capital LP now owns 1,060,455 shares of the company's stock worth $6,204,000 after acquiring an additional 175,705 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on BIGC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Morgan Stanley reduced their price objective on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Barclays reduced their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday. Two investment 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.40.

BigCommerce Trading Up 1.4 %

Shares of NASDAQ BIGC traded up $0.07 during trading hours on Wednesday, hitting $5.11. 216,460 shares of the company traded hands, compared to its average volume of 879,054. The stock has a market capitalization of $401.65 million, a price-to-earnings ratio of -14.60 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The company's 50 day moving average price is $5.97 and its 200 day moving average price is $6.20. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 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%. On average, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares of the company's stock, valued at $1,682,131.12. The trade was a 232.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 9.06% of the stock is currently owned by corporate insiders.

About BigCommerce

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.