272 Capital LP Has $7.13 Million Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

272 Capital LP raised its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 40.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 884,750 shares of the company’s stock after buying an additional 252,946 shares during the quarter. BigCommerce makes up about 3.6% of 272 Capital LP’s investment portfolio, making the stock its 6th largest holding. 272 Capital LP owned about 1.14% of BigCommerce worth $7,131,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased 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 worth $70,817,000 after acquiring an additional 572,396 shares during the period. Cadian Capital Management LP increased its stake in shares of BigCommerce by 13.6% in the fourth quarter. Cadian Capital Management LP now owns 7,553,280 shares of the company’s stock valued at $73,493,000 after purchasing an additional 904,750 shares during the period. Franklin Resources Inc. raised its holdings in shares of BigCommerce by 16.4% during the fourth quarter. Franklin Resources Inc. now owns 2,000,211 shares of the company’s stock valued at $19,462,000 after buying an additional 282,380 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of BigCommerce by 2.4% during the first quarter. Clearbridge Investments LLC now owns 1,327,083 shares of the company’s stock worth $9,144,000 after buying an additional 30,683 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in BigCommerce by 10.6% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,061,800 shares of the company’s stock worth $7,316,000 after buying an additional 102,100 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

BigCommerce Stock Down 3.3 %

BIGC opened at $5.85 on Tuesday. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. The company has a market capitalization of $452.06 million, a PE ratio of -9.14 and a beta of 0.98. The stock’s fifty day moving average is $6.41 and its 200-day moving average is $6.96. BigCommerce Holdings, Inc. has a one year low of $5.35 and a one year high of $10.29.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $81.83 million for the quarter, compared to analysts’ expectations of $81.13 million. BigCommerce had a negative net margin of 12.68% and a negative return on equity of 82.39%. BigCommerce’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.17) earnings per share. On average, equities analysts predict that BigCommerce Holdings, Inc. will post -0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BIGC. Bank of America cut their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Barclays cut their price objective on shares of BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 target price on shares of BigCommerce in a research report on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $8.93.

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.