Boothbay Fund Management LLC Has $3.39 Million Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Boothbay Fund Management LLC decreased its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 554,017 shares of the company's stock after selling 91,029 shares during the quarter. Boothbay Fund Management LLC owned 0.71% of BigCommerce worth $3,391,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of BigCommerce by 1.8% in 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 last quarter. Geode Capital Management LLC raised its holdings in BigCommerce by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company's stock worth $9,363,000 after buying an additional 21,105 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 worth $7,730,000 after buying an additional 42,920 shares during the period. 272 Capital LP increased its position in shares of BigCommerce by 19.9% in the third quarter. 272 Capital LP now owns 1,060,455 shares of the company's stock worth $6,204,000 after acquiring an additional 175,705 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of BigCommerce by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock valued at $5,386,000 after acquiring an additional 55,353 shares during the period. Institutional investors own 79.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays lowered their price target on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. Finally, Morgan Stanley reduced their price target on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report 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. Based on data from MarketBeat.com, BigCommerce currently has a consensus rating of "Hold" and a consensus price target of $7.40.

Insider Transactions at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the acquisition, the director now owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.06% of the stock is currently owned by company insiders.

BigCommerce Stock Down 1.3 %

NASDAQ BIGC traded down $0.07 on Friday, reaching $5.15. The stock had a trading volume of 689,286 shares, compared to its average volume of 884,369. 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 1 year low of $4.85 and a 1 year high of $8.60. The business has a 50 day moving average price of $5.74 and a 200 day moving average price of $6.18. The company has a market capitalization of $404.79 million, a price-to-earnings ratio of -14.71 and a beta of 1.17.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The firm had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. On average, analysts forecast 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.