XTX Topco Ltd Decreases Stock Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

XTX Topco Ltd lowered its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 14.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,821 shares of the company’s stock after selling 4,663 shares during the period. XTX Topco Ltd’s holdings in BigCommerce were worth $216,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in BigCommerce during the 1st quarter worth $80,000. Virtu Financial LLC purchased a new position in BigCommerce in the first quarter valued at about $104,000. Bayesian Capital Management LP acquired a new stake in BigCommerce during the 1st quarter valued at approximately $144,000. Catalytic Wealth RIA LLC purchased a new stake in BigCommerce during the 2nd quarter worth approximately $188,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in BigCommerce by 6.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock worth $350,000 after purchasing an additional 3,188 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

BigCommerce Trading Up 3.1 %

BigCommerce stock opened at $6.08 on Monday. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. BigCommerce Holdings, Inc. has a 1 year low of $5.35 and a 1 year high of $10.29. The firm’s 50-day moving average is $6.23 and its 200-day moving average is $6.92. The company has a market cap of $469.83 million, a P/E ratio of -9.50 and a beta of 0.98.

BigCommerce (NASDAQ:BIGC) last issued its earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The company had revenue of $81.83 million during the quarter, compared to the consensus estimate of $81.13 million. BigCommerce had a negative return on equity of 82.39% and a negative net margin of 12.68%. BigCommerce’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) earnings per share. On average, equities analysts expect that BigCommerce Holdings, Inc. will post -0.3 earnings per share for the current year.

Analyst Ratings Changes

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

About BigCommerce

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.