LPL Financial LLC Acquires 4,892 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

LPL Financial LLC increased its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,464 shares of the company’s stock after purchasing an additional 4,892 shares during the period. LPL Financial LLC owned approximately 0.06% of BigCommerce worth $272,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. KLP Kapitalforvaltning AS bought a new stake in BigCommerce in the fourth quarter worth $70,000. Virtu Financial LLC boosted its holdings in BigCommerce by 56.9% in the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company’s stock worth $100,000 after purchasing an additional 5,926 shares in the last quarter. Summit Global Investments bought a new stake in BigCommerce in the fourth quarter worth $106,000. Intech Investment Management LLC boosted its holdings in BigCommerce by 53.5% in the fourth quarter. Intech Investment Management LLC now owns 29,399 shares of the company’s stock worth $180,000 after purchasing an additional 10,248 shares in the last quarter. Finally, Monimus Capital Management LP bought a new stake in BigCommerce in the fourth quarter worth $1,938,000. 79.21% of the stock is currently owned by institutional investors.

BigCommerce Trading Down 1.7 %

Shares of BIGC opened at $5.27 on Tuesday. The stock’s 50-day moving average price is $5.84 and its 200 day moving average price is $6.20. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market capitalization of $414.22 million, a price-to-earnings ratio of -15.06 and a beta of 1.17. BigCommerce Holdings, Inc. has a 12-month low of $4.85 and a 12-month high of $8.60.

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

Analysts Set New Price Targets

BIGC has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Finally, Barclays cut their target price on shares of BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.40.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff bought 177,158 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares of the company’s stock, valued at $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate 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.