BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) Director Jeffrey Gordon Richards sold 132,563 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $8.75, for a total transaction of $1,159,926.25. Following the completion of the sale, the director now owns 15,480 shares of the company’s stock, valued at $135,450. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
BigCommerce Stock Performance
Shares of BIGC stock opened at $9.36 on Tuesday. BigCommerce Holdings, Inc. has a 12 month low of $6.81 and a 12 month high of $13.39. The stock has a market cap of $712.20 million, a PE ratio of -7.37 and a beta of 0.82. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 17.08. The company’s fifty day moving average price is $9.55 and its 200-day moving average price is $9.58.
BigCommerce (NASDAQ:BIGC – Get Free Report) last announced its earnings results on Wednesday, November 8th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. BigCommerce had a negative net margin of 31.74% and a negative return on equity of 187.16%. The firm had revenue of $78.05 million for the quarter, compared to analysts’ expectations of $78.12 million. During the same quarter in the previous year, the business posted ($0.30) EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts expect that BigCommerce Holdings, Inc. will post -0.67 EPS for the current fiscal year.
Analysts Set New Price Targets
Institutional Trading of BigCommerce
A number of hedge funds have recently modified their holdings of the business. Jacobs Levy Equity Management Inc. boosted its holdings in shares of BigCommerce by 94.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 706,676 shares of the company’s stock valued at $6,975,000 after buying an additional 343,855 shares in the last quarter. Tudor Investment Corp Et Al boosted its stake in BigCommerce by 94.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 195,138 shares of the company’s stock worth $1,926,000 after purchasing an additional 94,655 shares in the last quarter. Morgan Stanley boosted its stake in BigCommerce by 22.5% in the 3rd quarter. Morgan Stanley now owns 4,266,223 shares of the company’s stock worth $42,108,000 after purchasing an additional 782,862 shares in the last quarter. GSA Capital Partners LLP bought a new position in BigCommerce in the 3rd quarter worth about $150,000. Finally, AXQ Capital LP bought a new position in BigCommerce in the 3rd quarter worth about $110,000. Institutional investors own 72.92% of the company’s stock.
BigCommerce 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.
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