BigCommerce Holdings, Inc. (NASDAQ:BIGC) Holdings Decreased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 29.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 761,641 shares of the company's stock after selling 318,332 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.97% of BigCommerce worth $4,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in shares of BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company's stock worth $682,000 after buying an additional 70,902 shares in the last quarter. Virtu Financial LLC grew its position in shares of 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 in the last quarter. New York State Common Retirement Fund grew its position in shares of 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 in the last quarter. Renaissance Technologies LLC grew its position in shares of 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Insider Activity

In other news, Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the acquisition, the director now owns 253,333 shares in the company, valued at $1,682,131.12. The trade was a 232.57% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.99% of the company's stock.

Wall Street Analyst Weigh In

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

BigCommerce Stock Performance

BigCommerce stock traded up $0.03 during mid-day trading on Tuesday, reaching $5.12. The company's stock had a trading volume of 103,781 shares, compared to its average volume of 858,477. The firm has a market cap of $402.04 million, a price-to-earnings ratio of -14.61 and a beta of 1.18. The business has a 50 day moving average price of $5.45 and a 200-day moving average price of $6.16. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm's revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

BigCommerce Company 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.