Barclays PLC Acquires 70,902 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Barclays PLC boosted its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 154.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,667 shares of the company’s stock after purchasing an additional 70,902 shares during the quarter. Barclays PLC owned about 0.15% of BigCommerce worth $682,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new stake in shares of BigCommerce during the 2nd quarter valued at about $35,000. HighTower Advisors LLC raised its position in BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after purchasing an additional 2,200 shares during the period. Harbor Capital Advisors Inc. raised its position in BigCommerce by 93.4% during the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock valued at $100,000 after purchasing an additional 8,297 shares during the period. Aigen Investment Management LP bought a new stake in shares of BigCommerce in the 3rd quarter valued at approximately $105,000. Finally, Quantinno Capital Management LP purchased a new position in shares of BigCommerce in the 3rd quarter worth approximately $105,000. Institutional investors own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BIGC shares. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of BigCommerce in a report on Monday, December 9th. Barclays increased their target price on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Stifel Nicolaus dropped their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.44.

BigCommerce Trading Down 1.1 %

NASDAQ BIGC opened at $6.12 on Thursday. The stock has a market cap of $479.69 million, a PE ratio of -17.00 and a beta of 1.15. BigCommerce Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $9.61. The company’s 50-day moving average price is $6.46 and its 200-day moving average price is $6.52. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

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.