Ellen F. Siminoff Purchases 177,158 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff acquired 177,158 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the acquisition, the director now directly owns 253,333 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website.

BigCommerce Trading Down 4.6 %

BIGC stock traded down $0.28 during midday trading on Monday, reaching $5.76. 1,332,419 shares of the company traded hands, compared to its average volume of 911,160. The firm has a market capitalization of $452.74 million, a price-to-earnings ratio of -16.46 and a beta of 1.13. 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 business has a 50 day moving average of $6.46 and a 200-day moving average of $6.26. BigCommerce Holdings, Inc. has a 52-week low of $5.13 and a 52-week high of $8.60.

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

Institutional Investors Weigh In On BigCommerce

Several institutional investors have recently made changes to their positions in BIGC. Millennium Management LLC grew its holdings in BigCommerce by 1,073.1% during the 4th quarter. Millennium Management LLC now owns 1,245,111 shares of the company’s stock valued at $7,620,000 after purchasing an additional 1,138,977 shares during the last quarter. Clearline Capital LP grew its stake in shares of BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after buying an additional 661,688 shares during the last quarter. Divisar Capital Management LLC raised its holdings in shares of 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 buying an additional 611,811 shares during the period. Sovereign s Capital Management LLC bought a new stake in shares of BigCommerce during the 4th quarter worth approximately $2,586,000. Finally, Rice Hall James & Associates LLC purchased a new position in BigCommerce during the 4th quarter valued at $2,296,000. Institutional investors own 79.21% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on BIGC. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Friday, February 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 company. According to data from MarketBeat, BigCommerce presently has a consensus rating of “Hold” and an average price target of $7.80.

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.