Northern Trust Corp Has $4.06 Million Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Northern Trust Corp boosted its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 8.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 662,877 shares of the company's stock after buying an additional 51,428 shares during the period. Northern Trust Corp owned approximately 0.85% of BigCommerce worth $4,057,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in shares of BigCommerce by 10.0% during the 4th quarter. MetLife Investment Management LLC now owns 42,984 shares of the company's stock worth $263,000 after acquiring an additional 3,893 shares during the period. New York State Common Retirement Fund raised its position 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 valued at $53,000 after purchasing an additional 4,400 shares in the last quarter. LPL Financial LLC lifted its stake in BigCommerce by 12.4% during the fourth quarter. LPL Financial LLC now owns 44,464 shares of the company's stock worth $272,000 after purchasing an additional 4,892 shares during the last quarter. Virtu Financial LLC lifted 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 purchasing an additional 5,926 shares during the last quarter. Finally, Headlands Technologies LLC boosted its holdings in shares of BigCommerce by 260.5% in the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after purchasing an additional 7,181 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on BIGC. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of BigCommerce in a report on Wednesday, March 12th. The Goldman Sachs Group decreased their target price on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, May 9th. Morgan Stanley dropped 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. Finally, Barclays decreased their price target 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. 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 company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $7.58.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 4.99% of the company's stock.

BigCommerce Price Performance

BIGC traded down $0.13 on Wednesday, reaching $4.95. The stock had a trading volume of 498,521 shares, compared to its average volume of 858,072. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The company has a market capitalization of $396.49 million, a price-to-earnings ratio of -14.14 and a beta of 1.18. BigCommerce Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $8.60. The firm has a 50-day moving average of $5.31 and a 200-day moving average of $6.12.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. The company 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 business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.07 earnings per share. As a group, sell-side analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current 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.