209,403 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. purchased 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 209,403 shares of the company's stock, valued at approximately $1,282,000. D. E. Shaw & Co. Inc. owned approximately 0.27% of BigCommerce at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Virtu Financial LLC boosted its position in BigCommerce by 56.9% during the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock valued at $100,000 after acquiring an additional 5,926 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after purchasing an additional 4,400 shares during the last quarter. Renaissance Technologies LLC grew its stake in BigCommerce by 6.7% in 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 during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in BigCommerce by 29.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company's stock worth $477,000 after purchasing an additional 17,785 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of 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 valued at $7,730,000 after buying an additional 42,920 shares during the last quarter. Hedge funds and other institutional investors own 79.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BIGC shares. Morgan Stanley cut their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Friday, May 9th. Barclays decreased their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $10.00 target price on shares of BigCommerce in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $7.58.

Insider Transactions at BigCommerce

In other news, Director Ellen F. Siminoff purchased 177,158 shares of the company's stock in a transaction on Thursday, March 6th. The stock was bought at an average cost 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 $1,682,131.12. The trade was a 232.57% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.99% of the company's stock.

BigCommerce Price Performance

Shares of BIGC stock traded down $0.08 during midday trading on Wednesday, reaching $5.01. 65,269 shares of the company traded hands, compared to its average volume of 859,814. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60. The firm has a market cap of $400.89 million, a PE ratio of -14.30 and a beta of 1.18. The firm's 50 day simple moving average is $5.33 and its two-hundred day simple moving average is $6.13. 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 earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. The firm had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.07 EPS. On average, equities research analysts expect 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.