BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff Buys 3,239 Shares

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff bought 3,239 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $6.28 per share, with a total value of $20,340.92. Following the transaction, the director now directly owns 56,572 shares in the company, valued at $355,272.16. This represents a 6.07 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

BigCommerce Stock Up 1.7 %

Shares of NASDAQ:BIGC traded up $0.12 during trading on Wednesday, reaching $6.99. 1,503,837 shares of the company traded hands, compared to its average volume of 895,209. BigCommerce Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $8.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $547.48 million, a P/E ratio of -19.96 and a beta of 1.18. The firm has a fifty day simple moving average of $6.40 and a 200 day simple moving average of $6.21.

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

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a report on Friday, February 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $7.80.

Institutional Investors Weigh In On BigCommerce

Several institutional investors and hedge funds have recently modified their holdings of BIGC. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BigCommerce during the 4th quarter valued at about $35,000. New York State Common Retirement Fund boosted its position in BigCommerce by 105.3% during the fourth 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 period. Headlands Technologies LLC grew its holdings in BigCommerce by 260.5% during 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 last quarter. Virtu Financial LLC bought a new position in shares of BigCommerce in the third quarter valued at approximately $61,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of BigCommerce in the fourth quarter worth $66,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

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.