ExodusPoint Capital Management LP Takes Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

ExodusPoint Capital Management LP purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 180,029 shares of the company's stock, valued at approximately $1,102,000. ExodusPoint Capital Management LP owned about 0.23% of BigCommerce at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Rice Hall James & Associates LLC acquired a new stake in BigCommerce in the fourth quarter valued at approximately $2,296,000. Monimus Capital Management LP acquired a new stake in BigCommerce in the 4th quarter worth approximately $1,938,000. Connor Clark & Lunn Investment Management Ltd. grew its position in BigCommerce by 79.5% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock worth $4,260,000 after purchasing an additional 308,384 shares during the last quarter. 272 Capital LP raised its holdings 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 buying an additional 175,705 shares during the last quarter. Finally, Trexquant Investment LP lifted its stake in shares of BigCommerce by 58.1% during the fourth quarter. Trexquant Investment LP now owns 378,828 shares of the company's stock worth $2,318,000 after buying an additional 139,146 shares during the period. Hedge funds and other institutional investors own 79.21% of the company's stock.

Analyst Ratings Changes

BIGC has been the subject of a number of research reports. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays lowered shares of BigCommerce from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $8.00 to $7.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.80.

Insider Transactions at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $6.64 per share, for a total transaction 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 approximately $1,682,131.12. The trade was a 232.57 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 9.06% of the company's stock.

BigCommerce Trading Down 0.3 %

Shares of BIGC traded down $0.02 during mid-day trading on Wednesday, reaching $5.15. The stock had a trading volume of 213,581 shares, compared to its average volume of 874,494. The firm has a market cap of $404.40 million, a price-to-earnings ratio of -14.64 and a beta of 1.17. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The business's fifty day moving average is $6.16 and its 200 day moving average is $6.23. BigCommerce Holdings, Inc. has a 52-week low of $4.91 and a 52-week high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. On average, sell-side analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

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.