BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Jeffrey Gordon Richards Sells 132,563 Shares of Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) 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) 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

BIGC has been the topic of several analyst reports. The Goldman Sachs Group decreased their target price on shares of BigCommerce from $13.00 to $11.50 and set a “buy” rating on the stock in a research note on Friday, November 10th. UBS Group initiated coverage on shares of BigCommerce in a research note on Friday, September 22nd. They issued a “neutral” rating and a $12.00 target price on the stock. Barclays lifted their target price on shares of BigCommerce from $10.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. Piper Sandler reaffirmed a “neutral” rating and issued a $11.00 target price on shares of BigCommerce in a research note on Thursday, November 16th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $10.00 target price on shares of BigCommerce in a research note on Friday, August 4th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, BigCommerce currently has an average rating of “Hold” and a consensus price target of $11.82.

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.