Belpointe Asset Management LLC Makes New $45,000 Investment in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Belpointe Asset Management LLC purchased a new position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC – Get Rating) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,102 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BIGC. Advisors Asset Management Inc. grew its holdings in BigCommerce by 81.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock worth $81,000 after acquiring an additional 1,673 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in BigCommerce by 351.3% during the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,831 shares of the company’s stock worth $86,000 after acquiring an additional 4,539 shares in the last quarter. Versor Investments LP acquired a new position in BigCommerce during the 4th quarter worth approximately $88,000. Essex Investment Management Co. LLC grew its holdings in BigCommerce by 29.6% during the 3rd quarter. Essex Investment Management Co. LLC now owns 6,069 shares of the company’s stock worth $90,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in BigCommerce during the 3rd quarter worth approximately $104,000. Institutional investors and hedge funds own 72.36% of the company’s stock.

BigCommerce Price Performance

Shares of BigCommerce stock opened at $7.90 on Thursday. The company has a market cap of $588.95 million, a P/E ratio of -4.65 and a beta of 0.65. The company has a debt-to-equity ratio of 9.81, a quick ratio of 4.69 and a current ratio of 4.69. BigCommerce Holdings, Inc. has a one year low of $6.81 and a one year high of $21.80. The firm has a fifty day moving average of $8.02 and a two-hundred day moving average of $9.14.

BigCommerce (NASDAQ:BIGC – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The company reported ($0.26) EPS for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.05. The company had revenue of $72.43 million during the quarter, compared to the consensus estimate of $73.22 million. BigCommerce had a negative net margin of 43.89% and a negative return on equity of 142.71%. On average, analysts forecast that BigCommerce Holdings, Inc. will post -0.76 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of BigCommerce from $10.00 to $9.00 in a report on Friday, May 5th. Canaccord Genuity Group lowered their target price on shares of BigCommerce from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, February 24th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of BigCommerce in a report on Friday, February 24th. DA Davidson assumed coverage on shares of BigCommerce in a report on Wednesday, March 8th. They issued a “neutral” rating and a $11.00 target price for the company. Finally, Morgan Stanley lowered their target price on shares of BigCommerce from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Friday, February 24th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, BigCommerce currently has an average rating of “Hold” and a consensus price target of $13.88.

Insiders Place Their Bets

In other BigCommerce news, Director Jeffrey Gordon Richards sold 575,632 shares of the company’s stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $10.00, for a total transaction of $5,756,320.00. Following the completion of the transaction, the director now owns 46,048 shares in the company, valued at approximately $460,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Jeffrey Gordon Richards sold 575,632 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $10.00, for a total value of $5,756,320.00. Following the completion of the transaction, the director now owns 46,048 shares in the company, valued at approximately $460,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brent Bellm sold 8,062 shares of the stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $9.04, for a total transaction of $72,880.48. Following the completion of the transaction, the insider now owns 530,161 shares of the company’s stock, valued at approximately $4,792,655.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 594,073 shares of company stock worth $5,911,768. 10.82% 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.