BigCommerce Target of Unusually High Options Trading (NASDAQ:BIGC)

BigCommerce Holdings, Inc. (NASDAQ:BIGC) saw some unusual options trading activity on Monday. Stock traders purchased 7,516 call options on the stock. This is an increase of 1,620% compared to the typical volume of 437 call options.

Insider Buying and Selling at BigCommerce

In other BigCommerce news, Director Ellen F. Siminoff acquired 177,158 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, with a total value of $1,176,329.12. Following the acquisition, the director now directly owns 253,333 shares of the company’s stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 9.06% of the stock is owned by corporate insiders.

Institutional Trading of BigCommerce

A number of institutional investors and hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised 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 valued at $89,000 after buying an additional 2,200 shares during the last quarter. MetLife Investment Management LLC grew its holdings in shares of BigCommerce by 10.0% in the 4th quarter. MetLife Investment Management LLC now owns 42,984 shares of the company’s stock worth $263,000 after acquiring an additional 3,893 shares during the last quarter. New York State Common Retirement Fund raised its holdings 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 buying an additional 4,400 shares during the period. LPL Financial LLC raised its holdings in shares of BigCommerce by 12.4% during the fourth quarter. LPL Financial LLC now owns 44,464 shares of the company’s stock valued at $272,000 after acquiring an additional 4,892 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in BigCommerce during the 4th quarter valued at $35,000. 79.21% of the stock is owned by institutional investors and hedge funds.

BigCommerce Stock Performance

BigCommerce stock opened at $6.08 on Wednesday. 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 firm has a market capitalization of $477.89 million, a P/E ratio of -17.37 and a beta of 1.13. The stock has a fifty day moving average price of $6.42 and a 200 day moving average price of $6.28. BigCommerce has a 52 week low of $5.13 and a 52 week high of $8.60.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The firm had revenue of $87.03 million during the quarter, compared to analysts’ expectations of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. Equities research analysts anticipate that BigCommerce will post -0.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BIGC has been the topic of several recent research reports. Barclays cut shares of BigCommerce from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Needham & Company LLC restated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $7.80.

About BigCommerce

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.