Barclays PLC Increases Stock Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Barclays PLC lifted its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 154.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 116,667 shares of the company’s stock after acquiring an additional 70,902 shares during the quarter. Barclays PLC’s holdings in BigCommerce were worth $682,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in BigCommerce during the second quarter worth $35,000. HighTower Advisors LLC raised its position in shares of BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after purchasing an additional 8,297 shares during the last quarter. Aigen Investment Management LP bought a new stake in BigCommerce during the third quarter valued at about $105,000. Finally, Quantinno Capital Management LP bought a new stake in BigCommerce during the third quarter valued at about $105,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Trading Down 1.1 %

NASDAQ BIGC opened at $6.12 on Thursday. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $9.61. The company has a fifty day simple moving average of $6.46 and a two-hundred day simple moving average of $6.52. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The stock has a market cap of $479.69 million, a P/E ratio of -17.00 and a beta of 1.15.

Analysts Set New Price Targets

Several research firms have commented on BIGC. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Barclays raised their target price on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus reduced their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, BigCommerce currently has an average rating of “Hold” and a consensus target price of $8.44.

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.