Commerce.com (NASDAQ:CMRC) CFO Sells $19,904.40 in Stock

Commerce.com, Inc. (NASDAQ:CMRC) CFO Daniel Lentz sold 6,840 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $2.91, for a total transaction of $19,904.40. Following the transaction, the chief financial officer directly owned 480,145 shares in the company, valued at approximately $1,397,221.95. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Commerce.com Stock Performance

NASDAQ:CMRC opened at $3.13 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The company has a market cap of $258.26 million, a P/E ratio of -17.39 and a beta of 1.14. Commerce.com, Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $5.55. The firm’s 50 day moving average is $2.83 and its two-hundred day moving average is $3.42.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CMRC shares. UBS Group set a $3.00 price objective on shares of Commerce.com in a research report on Friday, February 13th. Barclays increased their price objective on shares of Commerce.com from $2.00 to $3.00 and gave the stock an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Zacks Research raised shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $7.50 price objective on shares of Commerce.com in a research report on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.70.

Institutional Investors Weigh In On Commerce.com

Several large investors have recently made changes to their positions in the business. Pale Fire Capital SE grew its holdings in Commerce.com by 294.2% during the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock valued at $7,882,000 after purchasing an additional 2,203,169 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Commerce.com during the 4th quarter valued at $6,605,000. Marshall Wace LLP acquired a new stake in Commerce.com during the 4th quarter valued at $6,188,000. State Street Corp acquired a new stake in Commerce.com during the 4th quarter valued at $5,867,000. Finally, Potrero Capital Research LLC acquired a new stake in Commerce.com during the 4th quarter valued at $5,831,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Commerce.com Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company’s platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations. As of December 31, 2021, it served approximately 60,000 online stores across industries.