272 Capital LP Sells 158,638 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

272 Capital LP decreased its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 15.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 901,817 shares of the company's stock after selling 158,638 shares during the quarter. BigCommerce makes up about 5.2% of 272 Capital LP's holdings, making the stock its 4th biggest position. 272 Capital LP owned approximately 1.15% of BigCommerce worth $5,519,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MetLife Investment Management LLC lifted its holdings in shares of BigCommerce by 10.0% during the fourth quarter. MetLife Investment Management LLC now owns 42,984 shares of the company's stock worth $263,000 after buying an additional 3,893 shares during the last quarter. New York State Common Retirement Fund increased its position 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 period. LPL Financial LLC boosted its stake in BigCommerce by 12.4% during the fourth quarter. LPL Financial LLC now owns 44,464 shares of the company's stock worth $272,000 after buying an additional 4,892 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of BigCommerce by 56.9% during the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after acquiring an additional 5,926 shares during the period. Finally, Headlands Technologies LLC increased its stake in BigCommerce by 260.5% in the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after acquiring an additional 7,181 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BIGC has been the topic of several recent analyst reports. 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 research note on Wednesday, April 16th. Barclays cut their target price on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, BigCommerce presently has a consensus rating of "Hold" and a consensus price target of $7.40.

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 stock was bought at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.99% of the company's stock.

BigCommerce Trading Up 0.3 %

BIGC traded up $0.02 during mid-day trading on Wednesday, reaching $5.19. The stock had a trading volume of 227,312 shares, compared to its average volume of 879,814. The firm's fifty day simple moving average is $5.66 and its two-hundred day simple moving average is $6.17. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market capitalization of $407.54 million, a P/E ratio of -14.84 and a beta of 1.18. BigCommerce Holdings, Inc. has a 52 week low of $4.85 and a 52 week high of $8.60.

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

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.