422,576 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC acquired a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 422,576 shares of the company's stock, valued at approximately $2,586,000. BigCommerce comprises about 1.6% of Sovereign s Capital Management LLC's holdings, making the stock its 27th biggest holding. Sovereign s Capital Management LLC owned approximately 0.54% of BigCommerce as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of BigCommerce in the fourth quarter valued at approximately $66,000. Rice Hall James & Associates LLC acquired a new stake in shares of BigCommerce in the fourth quarter valued at approximately $2,296,000. New York State Common Retirement Fund increased its holdings in shares of BigCommerce by 105.3% in 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. Bank of New York Mellon Corp increased its holdings in shares of BigCommerce by 3.5% in 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 purchasing an additional 42,920 shares in the last quarter. Finally, US Bancorp DE increased its holdings in shares of BigCommerce by 15,736.8% in the fourth quarter. US Bancorp DE now owns 19,796 shares of the company's stock valued at $121,000 after purchasing an additional 19,671 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Insider Transactions at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the acquisition, the director now directly owns 253,333 shares in the company, valued at approximately $1,682,131.12. The trade was a 232.57% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.99% of the company's stock.

BigCommerce Trading Down 0.8%

Shares of NASDAQ BIGC traded down $0.04 during midday trading on Friday, reaching $4.92. 810,782 shares of the stock were exchanged, compared to its average volume of 864,558. The business has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $6.14. The company has a market capitalization of $386.71 million, a price-to-earnings ratio of -14.06 and a beta of 1.18. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60. 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 quarterly earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 8.12% and a negative return on equity of 52.65%. The business's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. As a group, equities research analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reduced 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. Morgan Stanley reduced 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 note on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Finally, Barclays reduced their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company 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.