BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 53.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,399 shares of the company’s stock after buying an additional 10,248 shares during the period. Intech Investment Management LLC’s holdings in BigCommerce were worth $180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. New York State Common Retirement Fund lifted its position in BigCommerce by 105.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after acquiring an additional 4,400 shares during the period. Virtu Financial LLC purchased a new stake in shares of BigCommerce during the third quarter worth approximately $61,000. Sanctuary Advisors LLC purchased a new stake in shares of BigCommerce during the fourth quarter worth approximately $66,000. HighTower Advisors LLC lifted its holdings in shares of BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after purchasing an additional 2,200 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in BigCommerce in the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Stock Performance

NASDAQ:BIGC opened at $6.02 on Friday. 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 Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $8.60. The firm’s fifty day simple moving average is $6.41 and its 200-day simple moving average is $6.27. The stock has a market cap of $473.17 million, a PE ratio of -17.20 and a beta of 1.13.

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 company had revenue of $87.03 million during the quarter, compared to analysts’ expectations of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. Analysts expect that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BIGC has been the subject of a number of analyst reports. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $8.00 to $7.00 in a research report on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of BigCommerce in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.80.

Insiders Place Their Bets

In other news, Director Ellen F. Siminoff purchased 177,158 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $6.64 per share, with a total value of $1,176,329.12. Following the purchase, the director now directly owns 253,333 shares of the company’s stock, valued at $1,682,131.12. This represents a 232.57 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.06% of the stock is owned by company insiders.

BigCommerce 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.