Franklin Resources Inc. Has $10.86 Million Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Franklin Resources Inc. boosted its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 1.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,932,149 shares of the company’s stock after acquiring an additional 35,016 shares during the quarter. Franklin Resources Inc.’s holdings in BigCommerce were worth $10,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearline Capital LP raised its stake in shares of BigCommerce by 69.7% in the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after purchasing an additional 661,688 shares during the period. Divisar Capital Management LLC bought a new stake in BigCommerce in the 2nd quarter valued at approximately $4,274,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in BigCommerce by 196.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock worth $2,268,000 after acquiring an additional 256,783 shares during the last quarter. 272 Capital LP grew its stake in shares of BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after acquiring an additional 252,946 shares in the last quarter. Finally, Algert Global LLC raised its holdings in shares of BigCommerce by 67.7% in the third quarter. Algert Global LLC now owns 449,072 shares of the company’s stock valued at $2,627,000 after purchasing an additional 181,222 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on BIGC. Needham & Company LLC restated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a report on Monday, December 9th. Barclays raised their price objective on BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Bank of America dropped their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. Finally, Stifel Nicolaus decreased their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.44.

BigCommerce Trading Down 1.0 %

Shares of BigCommerce stock opened at $6.18 on Friday. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The business has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $6.62. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $10.19. The company has a market capitalization of $484.39 million, a price-to-earnings ratio of -17.17 and a beta of 1.15.

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.