BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Clearbridge Investments LLC

Clearbridge Investments LLC increased its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,433,163 shares of the company’s stock after purchasing an additional 106,080 shares during the quarter. Clearbridge Investments LLC owned 1.85% of BigCommerce worth $11,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BIGC. Cadian Capital Management LP grew its stake in BigCommerce by 13.6% during the 4th quarter. Cadian Capital Management LP now owns 7,553,280 shares of the company’s stock worth $73,493,000 after purchasing an additional 904,750 shares in the last quarter. Vanguard Group Inc. grew its stake in BigCommerce by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company’s stock worth $94,438,000 after purchasing an additional 762,437 shares in the last quarter. Divisar Capital Management LLC acquired a new position in BigCommerce during the 2nd quarter worth $4,274,000. 272 Capital LP lifted its holdings in BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after buying an additional 252,946 shares during the last quarter. Finally, Clearline Capital LP lifted its holdings in BigCommerce by 27.3% during the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after buying an additional 203,785 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

BigCommerce Stock Up 3.9 %

BigCommerce stock opened at $5.84 on Friday. BigCommerce Holdings, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $10.29. 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 $451.29 million, a P/E ratio of -9.13 and a beta of 0.98. The stock has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $6.87.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on BIGC. Barclays decreased their price target on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Bank of America decreased their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of BigCommerce in a report on Thursday. Finally, Stifel Nicolaus decreased their price target on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, BigCommerce currently has a consensus rating of “Hold” and an average price target of $8.81.

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.