Renaissance Technologies LLC Buys 55,353 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Renaissance Technologies LLC boosted its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 6.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 880,005 shares of the company’s stock after acquiring an additional 55,353 shares during the period. Renaissance Technologies LLC owned 1.12% of BigCommerce worth $5,386,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. HighTower Advisors LLC lifted its position in BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after purchasing an additional 2,200 shares during the period. State Street Corp boosted its position in shares of BigCommerce by 1.1% during the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company’s stock worth $8,904,000 after acquiring an additional 16,561 shares in the last quarter. Jane Street Group LLC increased its stake in BigCommerce by 88.2% in the third quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock valued at $1,207,000 after acquiring an additional 96,667 shares during the last quarter. Barclays PLC raised its position in BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after purchasing an additional 70,902 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in BigCommerce by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock worth $9,363,000 after purchasing an additional 21,105 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BIGC shares. Morgan Stanley dropped their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Barclays lowered shares of BigCommerce from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $8.00 to $7.00 in a report on Friday, January 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $7.60.

BigCommerce Price Performance

Shares of BIGC opened at $5.09 on Monday. The stock’s 50-day moving average price is $6.06 and its two-hundred day moving average price is $6.22. BigCommerce Holdings, Inc. has a 12 month low of $4.91 and a 12 month high of $8.60. The company has a market capitalization of $400.07 million, a PE ratio of -14.54 and a beta of 1.17. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

BigCommerce (NASDAQ:BIGC) last announced its earnings results on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. On average, analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the purchase, the director now directly owns 253,333 shares of the company’s stock, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 9.06% of the company’s stock.

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.