530,220 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Acquired by Divisar Capital Management LLC

Divisar Capital Management LLC acquired a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 530,220 shares of the company’s stock, valued at approximately $4,274,000. BigCommerce accounts for 0.8% of Divisar Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Divisar Capital Management LLC owned about 0.69% of BigCommerce as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of BIGC. Vanguard Group Inc. increased its stake in shares of BigCommerce by 5.9% during the first quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock valued at $70,817,000 after buying an additional 572,396 shares during the period. Cadian Capital Management LP grew its holdings in BigCommerce by 13.6% during the 4th quarter. Cadian Capital Management LP now owns 7,553,280 shares of the company’s stock worth $73,493,000 after acquiring an additional 904,750 shares in the last quarter. Clearbridge Investments LLC increased its position in BigCommerce by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,327,083 shares of the company’s stock valued at $9,144,000 after purchasing an additional 30,683 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of BigCommerce by 10.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,061,800 shares of the company’s stock valued at $7,316,000 after purchasing an additional 102,100 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of BigCommerce in the 4th quarter worth approximately $10,236,000. 79.21% of the stock is owned by institutional investors.

BigCommerce Price Performance

Shares of BIGC opened at $5.72 on Thursday. The company has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.94. The company has a quick ratio of 4.51, a current ratio of 4.51 and a debt-to-equity ratio of 13.04. BigCommerce Holdings, Inc. has a twelve month low of $5.35 and a twelve month high of $10.29. The company has a market cap of $444.73 million, a price-to-earnings ratio of -8.94 and a beta of 0.98.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. The firm had revenue of $81.83 million during the quarter, compared to analysts’ expectations of $81.13 million. During the same quarter last year, the firm earned ($0.17) EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, analysts predict that BigCommerce Holdings, Inc. will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BIGC. Needham & Company LLC reissued a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a report on Wednesday, August 28th. Bank of America cut their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. Finally, Barclays reduced their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.93.

BigCommerce Profile

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.