Goldman Sachs Group Inc. Has $2.82 Million Position in Commerce.com, Inc. $CMRC

Goldman Sachs Group Inc. trimmed its stake in shares of Commerce.com, Inc. (NASDAQ:CMRC) by 2.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 490,298 shares of the company’s stock after selling 14,689 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.61% of Commerce.com worth $2,824,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CMRC. Millennium Management LLC raised its holdings in Commerce.com by 1,073.1% during the fourth quarter. Millennium Management LLC now owns 1,245,111 shares of the company’s stock worth $7,620,000 after buying an additional 1,138,977 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Commerce.com by 55.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,083,965 shares of the company’s stock worth $6,244,000 after buying an additional 387,836 shares during the last quarter. Trexquant Investment LP increased its holdings in Commerce.com by 105.4% during the first quarter. Trexquant Investment LP now owns 777,992 shares of the company’s stock worth $4,481,000 after buying an additional 399,164 shares during the last quarter. Acadian Asset Management LLC boosted its position in Commerce.com by 714.4% during the first quarter. Acadian Asset Management LLC now owns 690,548 shares of the company’s stock worth $3,976,000 after purchasing an additional 605,753 shares during the period. Finally, Northern Trust Corp boosted its position in Commerce.com by 8.4% during the fourth quarter. Northern Trust Corp now owns 662,877 shares of the company’s stock worth $4,057,000 after purchasing an additional 51,428 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Russell Scott Klein sold 98,080 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $4.59, for a total value of $450,187.20. Following the completion of the transaction, the insider directly owned 444,001 shares of the company’s stock, valued at approximately $2,037,964.59. This represents a 18.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.06% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $11.00 target price on shares of Commerce.com in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Commerce.com from a “hold” rating to a “buy” rating in a report on Sunday, August 10th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of Commerce.com in a research note on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Commerce.com has a consensus rating of “Hold” and an average price target of $8.42.

Commerce.com Stock Down 4.9%

NASDAQ:CMRC opened at $5.03 on Friday. The company has a market cap of $406.12 million, a price-to-earnings ratio of -22.86 and a beta of 1.15. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 4.06. Commerce.com, Inc. has a twelve month low of $4.14 and a twelve month high of $7.99. The stock has a fifty day simple moving average of $4.74 and a 200-day simple moving average of $5.11.

Commerce.com (NASDAQ:CMRC) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. Commerce.com had a negative return on equity of 25.13% and a negative net margin of 5.37%.The business had revenue of $84.43 million for the quarter, compared to analyst estimates of $86.08 million. During the same quarter in the previous year, the firm earned $0.05 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. Commerce.com has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

About Commerce.com

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company’s platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.