BNP Paribas Financial Markets Purchases Shares of 109,922 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

BNP Paribas Financial Markets purchased a new stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 109,922 shares of the company's stock, valued at approximately $673,000. BNP Paribas Financial Markets owned 0.14% of BigCommerce at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Divisar Capital Management LLC boosted its position in BigCommerce by 48.5% during the 4th quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock valued at $11,457,000 after acquiring an additional 611,811 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of BigCommerce by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock valued at $7,730,000 after purchasing an additional 42,920 shares during the period. Renaissance Technologies LLC boosted its position 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 purchasing an additional 55,353 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in BigCommerce by 79.5% in the fourth 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 period. Finally, Northern Trust Corp raised its holdings in BigCommerce by 8.4% in the fourth quarter. Northern Trust Corp now owns 662,877 shares of the company's stock worth $4,057,000 after purchasing an additional 51,428 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

BigCommerce Stock Up 2.5%

Shares of NASDAQ:BIGC traded up $0.13 during trading on Tuesday, reaching $5.05. 324,031 shares of the stock traded hands, compared to its average volume of 861,602. The stock has a market cap of $404.09 million, a P/E ratio of -14.44 and a beta of 1.18. 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 has a 50-day moving average of $5.34 and a two-hundred day moving average of $6.14. BigCommerce Holdings, Inc. has a 52-week low of $4.85 and a 52-week high of $8.60.

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

Insider Transactions at BigCommerce

In related news, Director Ellen F. Siminoff bought 177,158 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the acquisition, the director now owns 253,333 shares in the company, valued at $1,682,131.12. This trade represents a 232.57% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.99% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BIGC shares. Barclays dropped their target price on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a report on Monday, April 21st. The Goldman Sachs Group dropped their price objective 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. Needham & Company LLC restated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Finally, Morgan Stanley lowered their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BigCommerce has an average rating of "Hold" and a consensus target price of $7.58.

BigCommerce 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.