Marshall Wace LLP Cuts Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Marshall Wace LLP lessened its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 97.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,330 shares of the company's stock after selling 506,196 shares during the quarter. Marshall Wace LLP's holdings in BigCommerce were worth $88,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BIGC. XTX Topco Ltd acquired a new stake in shares of BigCommerce during the 4th quarter worth $735,000. Barclays PLC lifted its position in BigCommerce by 9.5% during the fourth quarter. Barclays PLC now owns 127,729 shares of the company's stock worth $781,000 after purchasing an additional 11,062 shares during the period. Renaissance Technologies LLC grew its stake in 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. Bank of Montreal Can increased its holdings in BigCommerce by 86.2% in the 4th quarter. Bank of Montreal Can now owns 23,681 shares of the company's stock valued at $145,000 after buying an additional 10,961 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new position in shares of BigCommerce in the 4th quarter valued at approximately $1,102,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.

BigCommerce Stock Performance

NASDAQ BIGC traded down $0.08 during trading hours on Friday, hitting $5.16. 946,417 shares of the company's stock traded hands, compared to its average volume of 860,165. 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 52 week low of $4.85 and a 52 week high of $8.60. The firm has a market capitalization of $405.58 million, a P/E ratio of -14.74 and a beta of 1.18. The business's fifty day moving average price is $5.56 and its two-hundred day moving average price is $6.16.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.07 EPS 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 return on equity of 52.65% and a negative net margin of 8.12%. BigCommerce's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.07 EPS. Equities research analysts predict that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Insider Activity at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the stock in a transaction dated 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 transaction, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on BIGC. Barclays decreased 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. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Morgan Stanley cut their price target 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, The Goldman Sachs Group reduced their price target on BigCommerce from $9.50 to $8.50 and set a "neutral" rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average 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.