375,198 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC bought a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 375,198 shares of the company’s stock, valued at approximately $2,296,000.

Several other hedge funds have also recently bought and sold shares of BIGC. Virtu Financial LLC acquired a new position in BigCommerce during the 3rd quarter worth about $61,000. Sanctuary Advisors LLC acquired a new position in BigCommerce during the 4th quarter worth about $66,000. HighTower Advisors LLC lifted its stake in BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after acquiring an additional 8,297 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in BigCommerce in the 3rd quarter valued at about $105,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analyst Ratings Changes

BIGC has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, BigCommerce currently has a consensus rating of “Hold” and an average price target of $8.14.

BigCommerce Trading Down 0.1 %

BIGC opened at $6.95 on Wednesday. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $8.93. The company has a market cap of $544.74 million, a P/E ratio of -19.31 and a beta of 1.18. 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’s 50-day simple moving average is $6.45 and its 200-day simple moving average is $6.18.

About BigCommerce

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.