Charles Schwab Investment Management Inc. Has $3.43 Million Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Charles Schwab Investment Management Inc. boosted its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 1.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 561,022 shares of the company’s stock after acquiring an additional 9,419 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in BigCommerce were worth $3,433,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BIGC. Clearline Capital LP grew its stake in shares of BigCommerce by 69.7% in the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after purchasing an additional 661,688 shares during the last quarter. Rice Hall James & Associates LLC acquired a new stake in shares of BigCommerce during the fourth quarter worth $2,296,000. 272 Capital LP raised its position in shares of BigCommerce by 19.9% in the 3rd quarter. 272 Capital LP now owns 1,060,455 shares of the company’s stock worth $6,204,000 after acquiring an additional 175,705 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of BigCommerce by 16.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,079,973 shares of the company’s stock valued at $6,318,000 after purchasing an additional 150,260 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of BigCommerce by 88.2% during the 3rd quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock valued at $1,207,000 after purchasing an additional 96,667 shares in the last quarter. Institutional investors own 79.21% of the company’s stock.

Insider Activity

In other news, Director Ellen F. Siminoff purchased 177,158 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the acquisition, the director now owns 253,333 shares in the company, valued at $1,682,131.12. This trade represents a 232.57 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 9.06% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Barclays lowered shares of BigCommerce from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, BigCommerce presently has an average rating of “Hold” and an average price target of $7.80.

BigCommerce Price Performance

Shares of NASDAQ:BIGC opened at $6.02 on Friday. The stock’s 50 day moving average is $6.41 and its 200-day moving average is $6.27. BigCommerce Holdings, Inc. has a twelve month low of $5.13 and a twelve month high of $8.60. 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 firm has a market capitalization of $473.17 million, a price-to-earnings ratio of -17.20 and a beta of 1.13.

BigCommerce (NASDAQ:BIGC) last issued 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 company had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. Sell-side analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

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.