BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Graham Capital Management L.P.

Graham Capital Management L.P. grew its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 848.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,107 shares of the company's stock after acquiring an additional 87,761 shares during the quarter. Graham Capital Management L.P. owned about 0.13% of BigCommerce worth $600,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in BIGC. Divisar Capital Management LLC lifted its stake in shares of BigCommerce by 48.5% in the 4th quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock worth $11,457,000 after acquiring an additional 611,811 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of BigCommerce by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock valued at $7,730,000 after buying an additional 42,920 shares in the last quarter. Deutsche Bank AG raised its position in BigCommerce by 1.5% in the fourth quarter. Deutsche Bank AG now owns 990,275 shares of the company's stock worth $6,060,000 after acquiring an additional 14,772 shares in the last quarter. Renaissance Technologies LLC raised 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 acquiring an additional 55,353 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of BigCommerce by 79.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock worth $4,260,000 after purchasing an additional 308,384 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BIGC. Barclays decreased their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. 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 decreased their target price on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group cut their price target on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday, May 9th. Two 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. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.58.

Insider Activity at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the purchase, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. This represents a 232.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.99% of the company's stock.

BigCommerce Trading Up 0.5%

NASDAQ:BIGC traded up $0.03 on Tuesday, reaching $5.12. The stock had a trading volume of 103,781 shares, compared to its average volume of 858,477. BigCommerce Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $8.60. The company has a market cap of $402.04 million, a price-to-earnings ratio of -14.61 and a beta of 1.18. The firm's fifty day moving average is $5.45 and its two-hundred day moving average is $6.16. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. During the same quarter last year, the business earned $0.07 earnings per share. BigCommerce's revenue was up 2.5% compared to the same quarter last year. Equities analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

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.