Algert Global LLC Cuts Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Algert Global LLC lessened its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 33.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 297,247 shares of the company's stock after selling 151,825 shares during the period. Algert Global LLC owned about 0.38% of BigCommerce worth $1,819,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in shares of BigCommerce by 105.3% in 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. Virtu Financial LLC purchased a new position in shares of BigCommerce during the third quarter valued at approximately $61,000. Headlands Technologies LLC boosted its holdings in shares of BigCommerce by 260.5% during the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock worth $61,000 after purchasing an additional 7,181 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in BigCommerce in the fourth quarter valued at approximately $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in BigCommerce during the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 79.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BIGC shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Morgan Stanley cut their target price 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. The Goldman Sachs Group reduced their price target on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Finally, Barclays lowered their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $7.58.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff bought 177,158 shares of the firm's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of 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 acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.99% of the company's stock.

BigCommerce Price Performance

BIGC traded down $0.15 during midday trading on Thursday, reaching $5.20. 282,492 shares of the company's stock were exchanged, compared to its average volume of 861,121. The business has a 50-day simple moving average of $5.49 and a two-hundred day simple moving average of $6.16. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market capitalization of $408.33 million, a price-to-earnings ratio of -14.84 and a beta of 1.18. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The business had revenue of $82.37 million for the quarter, compared to analysts' expectations of $82.48 million. During the same quarter last year, the business earned $0.07 earnings per share. The firm's quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

BigCommerce 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.