Sapience Investments LLC Sells 61,080 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Sapience Investments LLC decreased its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 14.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,210 shares of the company's stock after selling 61,080 shares during the period. Sapience Investments LLC owned 0.48% of BigCommerce worth $2,284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of BIGC. Point72 Asia Singapore Pte. Ltd. bought a new position in BigCommerce during the fourth quarter worth about $35,000. New York State Common Retirement Fund lifted its holdings in BigCommerce by 105.3% during the 4th 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 last quarter. Headlands Technologies LLC boosted its position in 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 period. Sanctuary Advisors LLC acquired a new position in shares of BigCommerce in the fourth quarter valued at $66,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of BigCommerce in the fourth quarter valued at about $70,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Price Performance

Shares of BIGC stock traded up $0.13 during trading on Thursday, hitting $5.02. The company had a trading volume of 333,263 shares, compared to its average volume of 861,646. The firm has a market capitalization of $394.18 million, a P/E ratio of -14.36 and a beta of 1.18. BigCommerce Holdings, Inc. has a one year low of $4.73 and a one 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. The stock's 50-day moving average price is $5.40 and its 200 day moving average price is $6.15.

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

Analysts Set New Price Targets

A number of research analysts recently commented on BIGC shares. The Goldman Sachs Group decreased their price target on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Barclays decreased their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Morgan Stanley dropped their price target on BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.58.

Insider Buying and Selling at BigCommerce

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

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.