109,922 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Acquired by BNP Paribas Financial Markets

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

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Virtu Financial LLC raised its stake in BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after buying an additional 5,926 shares during the last quarter. New York State Common Retirement Fund raised its stake in BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after buying an additional 4,400 shares during the last quarter. Renaissance Technologies LLC raised its stake in BigCommerce by 6.7% during the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after buying an additional 55,353 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in BigCommerce by 29.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company's stock worth $477,000 after buying an additional 17,785 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock worth $7,730,000 after buying an additional 42,920 shares during the last quarter. Institutional investors own 79.21% of the company's stock.

BigCommerce Trading Down 1.7%

Shares of BIGC traded down $0.09 during trading hours on Wednesday, reaching $5.00. 47,414 shares of the company traded hands, compared to its average volume of 859,709. The company's fifty day moving average price is $5.33 and its two-hundred day moving average price is $6.13. The company has a market capitalization of $400.09 million, a price-to-earnings ratio of -14.30 and a beta of 1.18. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $82.37 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 earnings per share. Equities research analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BIGC shares. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Morgan Stanley dropped their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Barclays dropped their price objective 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. Finally, The Goldman Sachs Group cut their target price on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.58.

Insider Transactions at BigCommerce

In related news, Director Ellen F. Siminoff bought 177,158 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the purchase, the director now 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.99% of the company's stock.

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.