14,881 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,881 shares of the company’s stock, valued at approximately $91,000.

Other large investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after purchasing an additional 4,400 shares during the period. Headlands Technologies LLC raised its holdings in BigCommerce by 260.5% in the 4th quarter. Headlands Technologies LLC now owns 9,938 shares of the company’s stock worth $61,000 after purchasing an additional 7,181 shares during the period. Sanctuary Advisors LLC acquired a new position in BigCommerce in the 4th quarter worth about $66,000. KLP Kapitalforvaltning AS acquired a new position in shares of BigCommerce during the fourth quarter valued at approximately $70,000. Finally, Virtu Financial LLC raised its holdings in shares of BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company’s stock valued at $100,000 after acquiring an additional 5,926 shares during the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analysts Set New Price Targets

BIGC has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group reduced their target price on BigCommerce from $9.50 to $8.50 and set a “neutral” rating for the company in a report on Friday, May 9th. Barclays reduced their target price on BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of BigCommerce in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have 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 target price of $7.58.

Insider Activity at BigCommerce

In related news, Director Ellen F. Siminoff purchased 177,158 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the completion of the acquisition, the director now owns 253,333 shares in the company, valued at $1,682,131.12. This trade 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 this link. Insiders own 4.99% of the company’s stock.

BigCommerce Price Performance

NASDAQ:BIGC opened at $5.09 on Tuesday. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The stock has a market cap of $400.07 million, a PE ratio of -14.54 and a beta of 1.18. The stock has a 50 day moving average price of $5.45 and a 200 day moving average price of $6.16.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. The firm had revenue of $82.37 million during the quarter, compared to analysts’ expectations of $82.48 million. During the same quarter last year, the firm earned $0.07 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

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.