Wasatch Advisors LP Sells 156,207 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Wasatch Advisors LP lessened its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,073,674 shares of the company's stock after selling 156,207 shares during the quarter. Wasatch Advisors LP owned about 2.65% of BigCommerce worth $12,691,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BIGC. New York State Common Retirement Fund boosted its stake 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 period. Headlands Technologies LLC increased 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 acquiring an additional 7,181 shares during the period. Virtu Financial LLC acquired a new position in BigCommerce during the 3rd quarter valued at $61,000. Sanctuary Advisors LLC acquired a new stake in BigCommerce in the 4th quarter worth $66,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of BigCommerce during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Price Performance

Shares of BigCommerce stock traded up $0.06 during mid-day trading on Tuesday, reaching $4.95. 157,627 shares of the stock were exchanged, compared to its average volume of 876,639. The company has a market cap of $388.68 million, a price-to-earnings ratio of -14.13 and a beta of 1.17. BigCommerce Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $8.60. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $6.21.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price target 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. Barclays reduced their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday. Finally, Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.40.

Insider Activity

In related news, Director Ellen F. Siminoff acquired 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 acquisition, the director now directly owns 253,333 shares in the company, valued at $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 9.06% of the stock is currently owned by corporate insiders.

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.