Divisar Capital Management LLC Has $11.46 Million Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Divisar Capital Management LLC increased its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,872,031 shares of the company's stock after acquiring an additional 611,811 shares during the quarter. BigCommerce makes up approximately 2.5% of Divisar Capital Management LLC's holdings, making the stock its 17th biggest holding. Divisar Capital Management LLC owned 2.39% of BigCommerce worth $11,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Barclays PLC grew its holdings in BigCommerce by 154.9% in the 3rd quarter. Barclays PLC now owns 116,667 shares of the company's stock worth $682,000 after buying an additional 70,902 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of BigCommerce by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company's stock worth $9,363,000 after purchasing an additional 21,105 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of BigCommerce during the third quarter valued at $61,000. Franklin Resources Inc. increased its holdings in shares of BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock valued at $10,859,000 after purchasing an additional 35,016 shares during the period. Finally, 272 Capital LP raised its stake in shares of BigCommerce by 19.9% during the third quarter. 272 Capital LP now owns 1,060,455 shares of the company's stock valued at $6,204,000 after purchasing an additional 175,705 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff bought 177,158 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.99% of the company's stock.

BigCommerce Stock Down 1.4 %

BIGC traded down $0.07 during trading on Monday, reaching $5.08. 440,373 shares of the stock traded hands, compared to its average volume of 882,593. The stock has a market cap of $399.29 million, a price-to-earnings ratio of -14.51 and a beta of 1.18. The stock's 50-day simple moving average is $5.74 and its two-hundred day simple moving average is $6.18. 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 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 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). BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The business had revenue of $87.03 million for the quarter, compared to analyst estimates of $86.90 million. As a group, equities research analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $10.00 target price on shares of BigCommerce in a research note on Wednesday, March 12th. 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 report on Wednesday, April 16th. Finally, Barclays cut their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.40.

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.