BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Jeffrey Gordon Richards Sells 132,563 Shares

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Jeffrey Gordon Richards sold 132,563 shares of BigCommerce stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $8.75, for a total transaction of $1,159,926.25. Following the transaction, the director now owns 15,480 shares of the company’s stock, valued at $135,450. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BigCommerce Stock Performance

BIGC traded up $0.11 during mid-day trading on Monday, reaching $9.36. 504,991 shares of the company traded hands, compared to its average volume of 963,534. The stock has a market capitalization of $712.20 million, a P/E ratio of -7.28 and a beta of 0.82. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 17.08. The company’s fifty day moving average price is $9.58 and its 200-day moving average price is $9.57. BigCommerce Holdings, Inc. has a 52-week low of $6.81 and a 52-week high of $13.39.

BigCommerce (NASDAQ:BIGC) last announced its earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04. The business had revenue of $78.05 million during the quarter, compared to analyst estimates of $78.12 million. BigCommerce had a negative net margin of 31.74% and a negative return on equity of 187.16%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.30) EPS. On average, sell-side analysts expect that BigCommerce Holdings, Inc. will post -0.67 EPS for the current year.

Institutional Investors Weigh In On BigCommerce

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in shares of BigCommerce by 93.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,711 shares of the company’s stock valued at $37,000 after acquiring an additional 1,792 shares during the period. Venturi Wealth Management LLC bought a new stake in shares of BigCommerce during the 1st quarter valued at $56,000. Lazard Asset Management LLC bought a new stake in shares of BigCommerce during the 3rd quarter valued at $74,000. Advisors Asset Management Inc. grew its position in shares of BigCommerce by 81.9% during the 1st quarter. Advisors Asset Management Inc. now owns 3,716 shares of the company’s stock valued at $81,000 after acquiring an additional 1,673 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of BigCommerce during the 2nd quarter valued at $90,000. 72.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of BigCommerce in a report on Thursday, November 9th. Morgan Stanley reiterated an “equal weight” rating and set a $10.00 target price on shares of BigCommerce in a report on Friday, August 4th. Truist Financial lowered their target price on shares of BigCommerce from $12.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, November 9th. The Goldman Sachs Group decreased their price objective on shares of BigCommerce from $13.00 to $11.50 and set a “buy” rating for the company in a report on Friday, November 10th. Finally, UBS Group initiated coverage on shares of BigCommerce in a report on Friday, September 22nd. They issued a “neutral” rating and a $12.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $11.82.

About BigCommerce

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.