Northern Trust Corp Purchases 51,428 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Northern Trust Corp increased its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 8.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 662,877 shares of the company’s stock after buying an additional 51,428 shares during the period. Northern Trust Corp owned 0.85% of BigCommerce worth $4,057,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BIGC. Sanctuary Advisors LLC bought a new position in shares of BigCommerce in the 4th quarter valued at about $66,000. Rice Hall James & Associates LLC acquired a new stake in BigCommerce in the 4th quarter valued at about $2,296,000. New York State Common Retirement Fund grew its holdings in BigCommerce by 105.3% during the fourth 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. Bank of New York Mellon Corp increased its position in 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 worth $7,730,000 after buying an additional 42,920 shares during the last quarter. Finally, US Bancorp DE increased its position in BigCommerce by 15,736.8% during the fourth quarter. US Bancorp DE now owns 19,796 shares of the company’s stock worth $121,000 after buying an additional 19,671 shares during the last quarter. 79.21% of the stock is owned by institutional investors.

BigCommerce Price Performance

Shares of NASDAQ BIGC opened at $4.96 on Friday. The firm has a market cap of $389.86 million, a P/E ratio of -14.17 and a beta of 1.18. The business’s 50 day moving average is $5.38 and its 200-day moving average is $6.15. 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 Holdings, Inc. has a 1-year low of $4.85 and a 1-year high of $8.60.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BIGC shares. Morgan Stanley cut 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. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of BigCommerce in a report on Wednesday, March 12th. The Goldman Sachs Group reduced their price objective on shares of BigCommerce from $9.50 to $8.50 and set a “neutral” rating for the company in a research report on Friday, May 9th. Finally, Barclays dropped their price objective on shares of BigCommerce from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Monday, April 21st. 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, BigCommerce presently has a consensus rating of “Hold” and an average target price of $7.58.

Insiders Place Their Bets

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased 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 in the company, valued at approximately $1,682,131.12. This trade represents a 232.57% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.99% of the company’s stock.

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.