Boothbay Fund Management LLC Sells 91,029 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Boothbay Fund Management LLC lowered its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 554,017 shares of the company's stock after selling 91,029 shares during the period. Boothbay Fund Management LLC owned about 0.71% of BigCommerce worth $3,391,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Rice Hall James & Associates LLC acquired a new position in BigCommerce in the fourth quarter valued at $2,296,000. Monimus Capital Management LP acquired a new stake in BigCommerce in the 4th quarter valued at $1,938,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of BigCommerce by 79.5% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock valued at $4,260,000 after buying an additional 308,384 shares in the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of BigCommerce in the 4th quarter worth about $1,102,000. Finally, 272 Capital LP lifted its position in BigCommerce by 19.9% in the 3rd quarter. 272 Capital LP now owns 1,060,455 shares of the company's stock valued at $6,204,000 after acquiring an additional 175,705 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was bought 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 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 position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.06% of the company's stock.

BigCommerce Price Performance

Shares of NASDAQ:BIGC traded down $0.07 during trading on Friday, reaching $5.15. The company had a trading volume of 688,999 shares, compared to its average volume of 881,684. The stock has a market capitalization of $404.79 million, a P/E ratio of -14.71 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60. The company has a fifty day moving average of $5.77 and a two-hundred day moving average of $6.18.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results 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 firm had revenue of $87.03 million during the quarter, compared to analysts' expectations of $86.90 million. Equities research analysts forecast that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on BIGC. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a report on Wednesday, March 12th. Barclays lowered their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Finally, Morgan Stanley dropped their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, BigCommerce has a consensus rating of "Hold" and a consensus price target of $7.40.

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.