Vanguard Group Inc. Has $88.27 Million Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Vanguard Group Inc. boosted its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 8.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,943,419 shares of the company's stock after buying an additional 693,728 shares during the quarter. Vanguard Group Inc. owned 11.75% of BigCommerce worth $88,272,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cadian Capital Management LP raised its stake in shares of BigCommerce by 31.0% in the 3rd quarter. Cadian Capital Management LP now owns 6,648,530 shares of the company's stock valued at $65,621,000 after purchasing an additional 1,571,938 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of BigCommerce by 84.8% in the 3rd quarter. Alliancebernstein L.P. now owns 5,015,401 shares of the company's stock valued at $74,228,000 after purchasing an additional 2,301,491 shares in the last quarter. Morgan Stanley raised its stake in shares of BigCommerce by 22.5% in the 3rd quarter. Morgan Stanley now owns 4,266,223 shares of the company's stock valued at $42,108,000 after purchasing an additional 782,862 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of BigCommerce by 1.9% in the 1st quarter. Wasatch Advisors LP now owns 2,277,520 shares of the company's stock valued at $20,361,000 after purchasing an additional 41,787 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in BigCommerce by 11.2% during the first quarter. Thrivent Financial for Lutherans now owns 1,681,674 shares of the company's stock worth $15,034,000 after acquiring an additional 168,921 shares during the period. Institutional investors and hedge funds own 79.21% of the company's stock.

BigCommerce Stock Performance

NASDAQ BIGC traded down $0.12 on Friday, hitting $6.46. The stock had a trading volume of 394,402 shares, compared to its average volume of 597,501. BigCommerce Holdings, Inc. has a one year low of $6.44 and a one year high of $12.75. The company has a quick ratio of 4.83, a current ratio of 4.83 and a debt-to-equity ratio of 13.30. The stock has a market cap of $494.84 million, a price-to-earnings ratio of -7.51 and a beta of 0.80. The company's 50-day moving average is $7.71 and its two-hundred day moving average is $8.66.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price objective on shares of BigCommerce in a research note on Tuesday, January 30th. Bank of America reiterated an "underperform" rating and set a $7.50 price objective (down previously from $11.00) on shares of BigCommerce in a research note on Monday, March 25th. Truist Financial dropped their price objective on shares of BigCommerce from $10.00 to $9.00 and set a "hold" rating on the stock in a research note on Friday, February 23rd. The Goldman Sachs Group lowered shares of BigCommerce from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $11.50 to $9.50 in a research note on Monday, February 5th. Finally, Piper Sandler decreased their target price on shares of BigCommerce from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $11.13.

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.