BNP Paribas Financial Markets Acquires Shares of 109,922 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

BNP Paribas Financial Markets bought a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 109,922 shares of the company’s stock, valued at approximately $673,000. BNP Paribas Financial Markets owned 0.14% of BigCommerce at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Divisar Capital Management LLC grew its holdings in BigCommerce by 48.5% in the fourth quarter. Divisar Capital Management LLC now owns 1,872,031 shares of the company’s stock worth $11,457,000 after purchasing an additional 611,811 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock valued at $7,730,000 after purchasing an additional 42,920 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of BigCommerce by 6.7% in the 4th quarter. Renaissance Technologies LLC now owns 880,005 shares of the company’s stock worth $5,386,000 after purchasing an additional 55,353 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of BigCommerce by 79.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company’s stock worth $4,260,000 after buying an additional 308,384 shares during the last quarter. Finally, Northern Trust Corp increased its position in BigCommerce by 8.4% during the 4th quarter. Northern Trust Corp now owns 662,877 shares of the company’s stock valued at $4,057,000 after buying an additional 51,428 shares in the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BIGC has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a research note on Wednesday, March 12th. Morgan Stanley cut their price objective on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Barclays decreased their target price on shares of BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Monday, April 21st. Finally, The Goldman Sachs Group cut their price target on shares of BigCommerce from $9.50 to $8.50 and set a “neutral” rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $7.58.

Insider Transactions at BigCommerce

In other news, Director Ellen F. Siminoff acquired 177,158 shares of BigCommerce stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the transaction, the director now owns 253,333 shares in the company, valued at $1,682,131.12. The trade was a 232.57% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.99% of the company’s stock.

BigCommerce Price Performance

NASDAQ BIGC opened at $4.96 on Friday. BigCommerce Holdings, Inc. has a one year low of $4.85 and a one year high of $8.60. The stock has a 50-day moving average of $5.38 and a 200 day moving average of $6.15. 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 company has a market capitalization of $389.86 million, a price-to-earnings ratio of -14.17 and a beta of 1.18.

BigCommerce (NASDAQ:BIGC) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $82.37 million during the quarter, compared to analyst estimates of $82.48 million. During the same period in the previous year, the business posted $0.07 earnings per share. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

BigCommerce Company 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.