Virtu Financial LLC Purchases 5,926 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Virtu Financial LLC boosted its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 56.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,333 shares of the company’s stock after buying an additional 5,926 shares during the period. Virtu Financial LLC’s holdings in BigCommerce were worth $100,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BIGC. Clearline Capital LP boosted its position in shares of BigCommerce by 69.7% during the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after acquiring an additional 661,688 shares during the last quarter. Rice Hall James & Associates LLC purchased a new stake in BigCommerce in the fourth quarter valued at approximately $2,296,000. Monimus Capital Management LP bought a new stake in BigCommerce during the fourth quarter valued at approximately $1,938,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in BigCommerce by 79.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company’s stock worth $4,260,000 after buying an additional 308,384 shares in the last quarter. Finally, 272 Capital LP increased its holdings 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 buying an additional 175,705 shares during the last quarter. 79.21% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the acquisition, the director now owns 253,333 shares of the company’s stock, valued at $1,682,131.12. This trade represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 9.06% of the stock is currently owned by corporate insiders.

BigCommerce Stock Performance

NASDAQ BIGC opened at $5.87 on Monday. The firm has a market cap of $461.38 million, a price-to-earnings ratio of -16.77 and a beta of 1.13. The company has a 50-day simple moving average of $6.40 and a two-hundred day simple moving average of $6.28. 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 12-month low of $5.13 and a 12-month high of $8.60.

BigCommerce (NASDAQ:BIGC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.05). The company had revenue of $87.03 million during the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. On average, equities analysts forecast that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and set 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 assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, BigCommerce currently 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.