BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC reduced its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 14.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 554,017 shares of the company’s stock after selling 91,029 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.71% of BigCommerce worth $3,391,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of BigCommerce in the 4th quarter valued at about $854,000. Price T Rowe Associates Inc. MD boosted its position in shares of BigCommerce by 29.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 77,852 shares of the company’s stock valued at $477,000 after purchasing an additional 17,785 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of BigCommerce by 205.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,636 shares of the company’s stock valued at $230,000 after purchasing an additional 25,325 shares during the period. MetLife Investment Management LLC boosted its position in shares of BigCommerce by 10.0% in the 4th quarter. MetLife Investment Management LLC now owns 42,984 shares of the company’s stock valued at $263,000 after purchasing an additional 3,893 shares during the period. Finally, Formula Growth Ltd. acquired a new stake in shares of BigCommerce in the 4th quarter valued at about $306,000. 79.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Morgan Stanley decreased their target price 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. Barclays reduced their price objective on BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $7.40.

BigCommerce Stock Up 2.1 %

BIGC opened at $5.36 on Monday. The company has a market cap of $421.30 million, a PE ratio of -15.31 and a beta of 1.17. The business has a 50 day moving average price of $5.87 and a two-hundred day moving average price of $6.20. BigCommerce Holdings, Inc. has a 52 week low of $4.85 and a 52 week high of $8.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48.

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

Insider Transactions at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the purchase, the director now owns 253,333 shares in the company, valued at approximately $1,682,131.12. This represents a 232.57 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 9.06% of the company’s stock.

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.