Healthcare of Ontario Pension Plan Trust Fund Cuts Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Healthcare of Ontario Pension Plan Trust Fund cut its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 68.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 334,200 shares of the company’s stock after selling 727,600 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in BigCommerce were worth $1,955,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of BigCommerce by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock valued at $70,817,000 after purchasing an additional 572,396 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in BigCommerce by 8.0% in the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock valued at $11,551,000 after acquiring an additional 106,080 shares during the last quarter. Clearline Capital LP grew its position in BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock valued at $7,656,000 after acquiring an additional 203,785 shares during the period. 272 Capital LP raised its holdings in shares of BigCommerce by 40.0% in the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares during the period. Finally, Divisar Capital Management LLC purchased a new position in shares of BigCommerce in the 2nd quarter worth about $4,274,000. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

BigCommerce Price Performance

BIGC opened at $7.37 on Monday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The company’s 50-day moving average price is $5.96 and its 200 day moving average price is $6.72. BigCommerce Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $10.19. The firm has a market cap of $577.66 million, a price-to-earnings ratio of -20.47 and a beta of 0.99.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of BigCommerce in a research report on Thursday, October 3rd. Stifel Nicolaus reduced their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Bank of America lowered their price objective on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. 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. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $8.81.

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.