Renaissance Technologies LLC Sells 48,700 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Renaissance Technologies LLC lessened its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Rating) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 870,300 shares of the company’s stock after selling 48,700 shares during the quarter. Renaissance Technologies LLC owned approximately 1.18% of BigCommerce worth $12,880,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in BigCommerce by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 5,285,454 shares of the company’s stock valued at $115,805,000 after acquiring an additional 105,763 shares during the last quarter. Echo Street Capital Management LLC grew its position in BigCommerce by 36.5% in the 2nd quarter. Echo Street Capital Management LLC now owns 4,323,103 shares of the company’s stock valued at $70,034,000 after acquiring an additional 1,156,105 shares during the last quarter. State Street Corp grew its position in BigCommerce by 17.8% in the 2nd quarter. State Street Corp now owns 1,196,593 shares of the company’s stock valued at $19,385,000 after acquiring an additional 181,111 shares during the last quarter. Goldman Sachs Group Inc. grew its position in BigCommerce by 17.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,130,268 shares of the company’s stock valued at $18,310,000 after acquiring an additional 165,174 shares during the last quarter. Finally, Driehaus Capital Management LLC bought a new position in shares of BigCommerce during the 2nd quarter worth $11,170,000. Institutional investors own 72.36% of the company’s stock.

BigCommerce Trading Up 7.0 %

Shares of NASDAQ BIGC opened at $10.42 on Friday. The company has a debt-to-equity ratio of 7.39, a current ratio of 4.75 and a quick ratio of 5.66. The stock has a market capitalization of $767.75 million, a P/E ratio of -5.46 and a beta of 0.66. BigCommerce Holdings, Inc. has a 1-year low of $7.74 and a 1-year high of $24.10. The business has a fifty day moving average price of $10.48 and a 200 day moving average price of $12.05.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, insider Robert Kaloustian sold 3,672 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $10.56, for a total value of $38,776.32. Following the completion of the sale, the insider now directly owns 47,001 shares in the company, valued at $496,330.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other BigCommerce news, insider Brent Bellm sold 8,062 shares of the stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $9.04, for a total value of $72,880.48. Following the completion of the sale, the insider now directly owns 530,161 shares in the company, valued at $4,792,655.44. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert Kaloustian sold 3,672 shares of the stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $10.56, for a total value of $38,776.32. Following the completion of the sale, the insider now owns 47,001 shares of the company’s stock, valued at $496,330.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,010 shares of company stock worth $114,152. 31.70% of the stock is owned by insiders.

Analysts Set New Price Targets

BIGC has been the topic of a number of recent research reports. Jefferies Financial Group dropped their price target on BigCommerce from $11.00 to $9.50 and set a “hold” rating on the stock in a research report on Monday, December 19th. Canaccord Genuity Group dropped their price target on BigCommerce from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, February 24th. KeyCorp dropped their price target on BigCommerce from $25.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, November 7th. The Goldman Sachs Group dropped their price target on BigCommerce from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, November 7th. Finally, Piper Sandler dropped their price target on BigCommerce from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, February 24th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.88.

About BigCommerce

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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.