D. E. Shaw & Co. Inc. Invests $1.28 Million in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

D. E. Shaw & Co. Inc. purchased a new stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Divisar Capital Management LLC lifted its position in shares of BigCommerce by 48.5% during the 4th quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company's stock worth $11,457,000 after buying an additional 611,811 shares in the last quarter. Bank of New York Mellon Corp increased 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 acquiring an additional 42,920 shares during the last quarter. Deutsche Bank AG lifted its holdings in BigCommerce by 1.5% during the fourth quarter. Deutsche Bank AG now owns 990,275 shares of the company's stock worth $6,060,000 after acquiring an additional 14,772 shares during the period. Renaissance Technologies LLC boosted its position in BigCommerce by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after purchasing an additional 55,353 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position 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 last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

BigCommerce Price Performance

NASDAQ BIGC opened at $4.96 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market cap of $389.86 million, a PE ratio of -14.17 and a beta of 1.18. BigCommerce Holdings, Inc. has a 52 week low of $4.85 and a 52 week high of $8.60. The firm's 50-day simple moving average is $5.38 and its two-hundred day simple moving average is $6.15.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.07 earnings per share. Research analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Ellen F. Siminoff bought 177,158 shares of BigCommerce stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the acquisition, the director now directly owns 253,333 shares of the company's stock, valued at $1,682,131.12. This represents a 232.57% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BIGC. Needham & Company LLC reaffirmed a "buy" rating and set a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Morgan Stanley decreased their price objective 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. The Goldman Sachs Group dropped their target price 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. Finally, Barclays reduced their target price 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.

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