BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lessened its holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 35.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,163 shares of the company’s stock after selling 6,016 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in BigCommerce were worth $68,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. 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 valued at $6,204,000 after acquiring an additional 175,705 shares during the last quarter. Franklin Resources Inc. lifted its stake in BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock worth $10,859,000 after purchasing an additional 35,016 shares during the last quarter. Virtu Financial LLC acquired a new position in BigCommerce in the third quarter valued at approximately $61,000. Barclays PLC increased its stake in BigCommerce by 154.9% in the third quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after purchasing an additional 70,902 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in BigCommerce by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock worth $9,363,000 after purchasing an additional 21,105 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BIGC has been the topic of a number of recent analyst reports. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $8.00 to $7.00 in a research report on Friday, January 10th. Stifel Nicolaus lowered their target price on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.31.

BigCommerce Stock Performance

Shares of BIGC opened at $6.17 on Thursday. The stock has a market capitalization of $483.60 million, a P/E ratio of -17.14 and a beta of 1.18. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $8.98. The company’s fifty day moving average is $6.64 and its two-hundred day moving average is $6.42.

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.