Tudor Investment Corp ET AL Sells 117,178 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Tudor Investment Corp ET AL decreased its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 63.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,735 shares of the company's stock after selling 117,178 shares during the period. Tudor Investment Corp ET AL owned about 0.09% of BigCommerce worth $415,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BIGC. New York State Common Retirement Fund boosted its holdings in shares of BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company's stock worth $53,000 after purchasing an additional 4,400 shares during the last quarter. Headlands Technologies LLC grew its holdings in shares of BigCommerce by 260.5% in the fourth quarter. Headlands Technologies LLC now owns 9,938 shares of the company's stock valued at $61,000 after purchasing an additional 7,181 shares during the period. Virtu Financial LLC acquired a new position in BigCommerce in the 3rd quarter valued at about $61,000. Sanctuary Advisors LLC purchased a new stake in shares of BigCommerce in the 4th quarter valued at approximately $66,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of BigCommerce during the 4th quarter worth approximately $70,000. 79.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other BigCommerce news, Director Ellen F. Siminoff purchased 177,158 shares of the company's stock in a transaction on Thursday, March 6th. The shares were purchased 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 owns 253,333 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.99% of the company's stock.

Analyst Ratings Changes

BIGC has been the topic of several recent analyst reports. Morgan Stanley decreased 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. The Goldman Sachs Group lowered their target price on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a report on Friday, May 9th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 target price on shares of BigCommerce in a report on Wednesday, March 12th. Finally, Barclays reduced their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.58.

BigCommerce Trading Down 0.5%

NASDAQ BIGC traded down $0.03 during mid-day trading on Wednesday, reaching $5.31. 347,295 shares of the stock were exchanged, compared to its average volume of 860,201. The stock has a market capitalization of $416.97 million, a PE ratio of -15.16 and a beta of 1.18. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60. The business's fifty day simple moving average is $5.51 and its 200 day simple moving average is $6.16.

BigCommerce (NASDAQ:BIGC - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating 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%. The firm had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. During the same quarter last year, the firm posted $0.07 earnings per share. BigCommerce's revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal 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.