BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Bought by State Street Corp

State Street Corp grew its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,522,002 shares of the company’s stock after acquiring an additional 16,561 shares during the quarter. State Street Corp owned 1.96% of BigCommerce worth $8,904,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Catalytic Wealth RIA LLC acquired a new stake in BigCommerce in the 2nd quarter worth approximately $188,000. Rhumbline Advisers raised its holdings in shares of BigCommerce by 8.4% in the second quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock worth $819,000 after buying an additional 7,849 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of BigCommerce during the second quarter worth $35,000. Marshall Wace LLP purchased a new stake in shares of BigCommerce during the second quarter valued at $773,000. Finally, 272 Capital LP increased its position in shares of BigCommerce by 40.0% in the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after acquiring an additional 252,946 shares during the period. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Trading Up 0.2 %

NASDAQ BIGC opened at $6.29 on Friday. The firm’s 50-day moving average is $6.43 and its two-hundred day moving average is $6.58. BigCommerce Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $10.19. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The stock has a market capitalization of $493.01 million, a P/E ratio of -17.47 and a beta of 1.15.

Wall Street Analyst Weigh In

BIGC has been the topic of several research analyst reports. Bank of America dropped their price target 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 upped their target price on BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Finally, Stifel Nicolaus dropped their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $8.44.

BigCommerce 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.