Susquehanna Fundamental Investments LLC Invests $854,000 in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Susquehanna Fundamental Investments LLC bought a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 139,598 shares of the company's stock, valued at approximately $854,000. Susquehanna Fundamental Investments LLC owned approximately 0.18% of BigCommerce at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Franklin Resources Inc. increased its position in shares of BigCommerce by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock valued at $10,859,000 after purchasing an additional 35,016 shares during the last quarter. Bank of New York Mellon Corp grew its position in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock valued at $7,730,000 after acquiring an additional 42,920 shares during the last quarter. Renaissance Technologies LLC raised its stake 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 acquiring an additional 55,353 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 acquiring an additional 308,384 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of BigCommerce by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 561,022 shares of the company's stock valued at $3,433,000 after purchasing an additional 9,419 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Stock Performance

BigCommerce stock opened at $5.15 on Friday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $404.79 million, a P/E ratio of -14.71 and a beta of 1.17. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60. The firm has a 50-day moving average of $5.74 and a 200-day moving average of $6.18.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. Sell-side analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BIGC. Morgan Stanley decreased their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of BigCommerce in a research note on Wednesday, March 12th. Finally, Barclays reduced their price target on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $7.40.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price 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 $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 9.06% of the company's stock.

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.

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