G2 Investment Partners Management LLC Purchases New Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

G2 Investment Partners Management LLC bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 311,346 shares of the company's stock, valued at approximately $1,905,000. G2 Investment Partners Management LLC owned about 0.40% of BigCommerce at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BIGC. Franklin Resources Inc. boosted its position in BigCommerce by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock worth $10,859,000 after acquiring an additional 35,016 shares during the period. Divisar Capital Management LLC increased its stake in shares of BigCommerce by 48.5% during the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock valued at $11,457,000 after acquiring an additional 611,811 shares during the period. Bank of New York Mellon Corp raised its holdings in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock worth $7,730,000 after purchasing an additional 42,920 shares in the last quarter. Deutsche Bank AG raised its holdings in BigCommerce by 1.5% during the fourth quarter. Deutsche Bank AG now owns 990,275 shares of the company's stock worth $6,060,000 after purchasing an additional 14,772 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in BigCommerce by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after purchasing an additional 55,353 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the purchase, the director now directly owns 253,333 shares in the company, valued at $1,682,131.12. This trade represents a 232.57% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.99% of the company's stock.

BigCommerce Trading Up 0.2%

Shares of NASDAQ:BIGC traded up $0.01 during midday trading on Wednesday, reaching $5.34. The company had a trading volume of 559,899 shares, compared to its average volume of 844,803. The company has a fifty day simple moving average of $5.51 and a two-hundred day simple moving average of $6.16. The firm has a market cap of $419.72 million, a price-to-earnings ratio of -15.26 and a beta of 1.18. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60. 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, May 8th. The company reported $0.07 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company had revenue of $82.37 million during the quarter, compared to analyst estimates of $82.48 million. During the same period in the prior year, the firm earned $0.07 earnings per share. The business's quarterly revenue was up 2.5% on a year-over-year basis. Research analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group dropped their price target on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a research 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 equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, BigCommerce has a consensus rating of "Hold" and an average price target of $7.58.

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.