272 Capital LP Has $5.52 Million Stock Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

272 Capital LP cut its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 901,817 shares of the company's stock after selling 158,638 shares during the quarter. BigCommerce makes up 5.2% of 272 Capital LP's portfolio, making the stock its 4th biggest holding. 272 Capital LP owned 1.15% of BigCommerce worth $5,519,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on BIGC shares. Barclays reduced their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Finally, Morgan Stanley dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $7.40.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the purchase, the director now owns 253,333 shares in the company, valued at $1,682,131.12. This represents a 232.57 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.99% of the company's stock.

BigCommerce Stock Performance

Shares of BIGC traded down $0.07 during mid-day trading on Monday, hitting $5.08. The company's stock had a trading volume of 440,385 shares, compared to its average volume of 882,593. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60. The stock's 50-day moving average is $5.74 and its two-hundred day moving average is $6.18. The firm has a market capitalization of $399.29 million, a PE ratio of -14.51 and a beta of 1.18. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted 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). BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The company had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. As a group, sell-side analysts anticipate 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.