Great West Life Assurance Co. Can Takes $4.22 Million Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Great West Life Assurance Co. Can bought a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Rating) during the third quarter, HoldingsChannel.com reports. The fund bought 285,638 shares of the company’s stock, valued at approximately $4,224,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Madison Asset Management LLC raised its holdings in shares of BigCommerce by 1.5% in the 2nd quarter. Madison Asset Management LLC now owns 91,020 shares of the company’s stock valued at $1,475,000 after purchasing an additional 1,378 shares during the period. HighTower Advisors LLC grew its stake in BigCommerce by 8.2% in the 1st quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock valued at $414,000 after buying an additional 1,425 shares during the last quarter. Advisors Asset Management Inc. grew its stake in BigCommerce by 81.9% in the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock valued at $81,000 after buying an additional 1,673 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in BigCommerce by 37.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,704 shares of the company’s stock valued at $109,000 after buying an additional 1,811 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in BigCommerce by 4.3% in the 1st quarter. Rhumbline Advisers now owns 50,210 shares of the company’s stock valued at $1,100,000 after buying an additional 2,085 shares during the last quarter. 72.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on BIGC shares. Barclays decreased their price target on shares of BigCommerce from $16.00 to $10.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 10th. Needham & Company LLC started coverage on shares of BigCommerce in a research note on Friday, December 16th. They issued a “buy” rating and a $20.00 price target on the stock. The Goldman Sachs Group decreased their price target on shares of BigCommerce from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, November 7th. Truist Financial lowered shares of BigCommerce from a “buy” rating to a “hold” rating and set a $13.00 target price on the stock. in a research report on Friday, November 4th. Finally, Bank of America lowered shares of BigCommerce from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $21.00 to $11.00 in a research report on Wednesday, January 4th. Nine analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, BigCommerce has a consensus rating of “Hold” and a consensus target price of $19.77.

BigCommerce Stock Performance

Shares of BigCommerce stock opened at $10.84 on Monday. The company has a 50 day moving average of $9.00 and a 200-day moving average of $13.42. BigCommerce Holdings, Inc. has a 1-year low of $7.74 and a 1-year high of $34.00. The company has a current ratio of 5.66, a quick ratio of 5.66 and a debt-to-equity ratio of 5.18. The company has a market cap of $798.70 million, a PE ratio of -5.59 and a beta of 0.32.

BigCommerce (NASDAQ:BIGCGet Rating) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.33) by $0.03. The business had revenue of $72.39 million during the quarter, compared to the consensus estimate of $69.68 million. BigCommerce had a negative net margin of 51.99% and a negative return on equity of 89.29%. As a group, equities research analysts forecast that BigCommerce Holdings, Inc. will post -1.24 earnings per share for the current fiscal year.

Insider Activity at BigCommerce

In related news, insider Robert Kaloustian sold 3,672 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $10.56, for a total value of $38,776.32. Following the completion of the transaction, the insider now owns 47,001 shares of the company’s stock, valued at approximately $496,330.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 31.70% of the stock is owned by insiders.

BigCommerce Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for BigCommerce (NASDAQ:BIGC)

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