Tudor Investment Corp ET AL Trims Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

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

A number of other institutional investors have also bought and sold shares of BIGC. Barclays PLC boosted its position in BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company's stock valued at $682,000 after acquiring an additional 70,902 shares during the last quarter. Virtu Financial LLC purchased a new position in BigCommerce during the third quarter worth about $61,000. Franklin Resources Inc. boosted its holdings in BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock worth $10,859,000 after purchasing an additional 35,016 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in BigCommerce in the fourth quarter worth about $66,000. Finally, Rice Hall James & Associates LLC bought a new stake in BigCommerce in the fourth quarter worth about $2,296,000. Institutional investors own 79.21% of the company's stock.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff bought 177,158 shares of the firm's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the purchase, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.99% of the company's stock.

BigCommerce Trading Up 1.6%

NASDAQ BIGC traded up $0.08 during trading on Monday, hitting $5.24. The company had a trading volume of 1,192,506 shares, compared to its average volume of 861,199. The company's fifty day moving average is $5.56 and its 200-day moving average is $6.17. The company has a market cap of $411.86 million, a price-to-earnings ratio of -14.97 and a beta of 1.18. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $82.48 million. During the same period in the prior year, the firm earned $0.07 EPS. The company's revenue was up 2.5% compared to the same quarter last year. On average, sell-side analysts predict that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BIGC shares. Morgan Stanley lowered their price target 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 reaffirmed a "buy" rating and set a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. The Goldman Sachs Group cut their price objective on shares of BigCommerce from $9.50 to $8.50 and set a "neutral" rating for the company in a research note on Friday. Finally, Barclays reduced their price objective on BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock 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 issued a buy rating to the stock. According to data from MarketBeat, BigCommerce has an average rating of "Hold" and an average target price of $7.58.

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.