Los Angeles Capital Management LLC Trims Position in Bigcommerce Holdings, Inc. $BIGC

Los Angeles Capital Management LLC lessened its holdings in shares of Bigcommerce Holdings, Inc. (NASDAQ:BIGC) by 17.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,125 shares of the company’s stock after selling 39,235 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.23% of Bigcommerce worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Savant Capital LLC increased its position in Bigcommerce by 66.2% during the 2nd quarter. Savant Capital LLC now owns 16,717 shares of the company’s stock valued at $84,000 after purchasing an additional 6,661 shares during the period. Institutional investors and hedge funds own 79.21% of the company’s stock.

Bigcommerce Price Performance

Shares of Bigcommerce stock opened at $5.51 on Friday. The firm has a market cap of $441.34 million, a PE ratio of -25.05 and a beta of 1.15. The firm has a 50 day simple moving average of $4.81.

Wall Street Analyst Weigh In

BIGC has been the subject of several research analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $11.00 target price on shares of Bigcommerce in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Bigcommerce from a “buy” rating to a “hold” rating in a research note on Sunday, August 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $11.00.

About Bigcommerce

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.