Renaissance Technologies LLC Has $5.39 Million Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Renaissance Technologies LLC grew its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 880,005 shares of the company's stock after acquiring an additional 55,353 shares during the quarter. Renaissance Technologies LLC owned 1.12% of BigCommerce worth $5,386,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of BigCommerce by 16.8% in the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company's stock valued at $89,000 after purchasing an additional 2,200 shares in the last quarter. New York State Common Retirement Fund raised its stake in shares of BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock valued at $53,000 after buying an additional 4,400 shares in the last quarter. LPL Financial LLC raised its stake in shares of BigCommerce by 12.4% in the 4th quarter. LPL Financial LLC now owns 44,464 shares of the company's stock valued at $272,000 after buying an additional 4,892 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of BigCommerce by 56.9% during the 4th quarter. Virtu Financial LLC now owns 16,333 shares of the company's stock worth $100,000 after acquiring an additional 5,926 shares during the period. Finally, Headlands Technologies LLC boosted its position in shares of BigCommerce by 260.5% during the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after acquiring an additional 7,181 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on BIGC. Morgan Stanley dropped 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. Barclays cut their target price on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research report on Monday. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $7.40.

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 stock was purchased at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares of the company's stock, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 9.06% of the stock is owned by company insiders.

BigCommerce Price Performance

Shares of BIGC traded up $0.03 on Friday, hitting $5.28. The company's stock had a trading volume of 83,127 shares, compared to its average volume of 878,959. The company has a 50 day moving average price of $5.90 and a 200 day moving average price of $6.19. 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 Holdings, Inc. has a fifty-two week low of $4.85 and a fifty-two week high of $8.60. The company has a market capitalization of $414.62 million, a PE ratio of -15.04 and a beta of 1.17.

BigCommerce (NASDAQ:BIGC - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.05). The business had revenue of $87.03 million during the quarter, compared to analyst estimates of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. On average, research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

About BigCommerce

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.