53,643 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Purchased by PDT Partners LLC

PDT Partners LLC acquired a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 53,643 shares of the company's stock, valued at approximately $328,000. PDT Partners LLC owned 0.07% of BigCommerce at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BIGC. Rice Hall James & Associates LLC acquired a new position in BigCommerce during the fourth quarter valued at approximately $2,296,000. Monimus Capital Management LP acquired a new position in shares of BigCommerce in the fourth quarter worth approximately $1,938,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of BigCommerce by 79.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock worth $4,260,000 after purchasing an additional 308,384 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of BigCommerce during the fourth quarter worth $1,102,000. Finally, Herald Investment Management Ltd raised its stake in BigCommerce by 42.9% during the fourth quarter. Herald Investment Management Ltd now owns 500,000 shares of the company's stock worth $3,055,000 after buying an additional 150,000 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on BIGC shares. Barclays lowered their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Morgan Stanley lowered their price objective on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $10.00 price objective on shares of BigCommerce in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $7.40.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the acquisition, the director now owns 253,333 shares in the company, valued at approximately $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.99% of the company's stock.

BigCommerce Stock Down 0.8 %

Shares of BIGC stock traded down $0.04 on Thursday, hitting $5.16. The stock had a trading volume of 377,607 shares, compared to its average volume of 877,547. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The stock has a market cap of $405.58 million, a price-to-earnings ratio of -14.79 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 business has a 50 day moving average of $5.62 and a 200 day moving average of $6.16.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. During the same period last year, the business earned $0.07 EPS. The company's revenue was up 2.5% on a year-over-year basis. As a group, analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current 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.