Virtu Financial LLC Buys 5,926 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Virtu Financial LLC raised its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 56.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,333 shares of the company’s stock after acquiring an additional 5,926 shares during the period. Virtu Financial LLC’s holdings in BigCommerce were worth $100,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its position in shares of BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after purchasing an additional 4,400 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in BigCommerce in the 4th quarter valued at about $66,000. HighTower Advisors LLC lifted its position in shares of BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after buying an additional 2,200 shares in the last quarter. Quantinno Capital Management LP purchased a new position in shares of BigCommerce in the 3rd quarter worth approximately $105,000. Finally, Paloma Partners Management Co purchased a new position in shares of BigCommerce in the 3rd quarter worth approximately $106,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

BigCommerce Stock Down 2.5 %

Shares of NASDAQ BIGC opened at $5.87 on Monday. 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 $461.38 million, a PE ratio of -16.77 and a beta of 1.13. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $8.60. The business’s fifty day moving average price is $6.40 and its 200-day moving average price is $6.28.

BigCommerce (NASDAQ:BIGC) last issued its earnings results on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The business had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative return on equity of 52.65% and a negative net margin of 8.12%. On average, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on BIGC shares. Barclays lowered BigCommerce from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research note on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, BigCommerce presently has a consensus rating of “Hold” and a consensus target price of $7.80.

Insiders Place Their Bets

In related news, Director Ellen F. Siminoff acquired 177,158 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the purchase, the director now owns 253,333 shares in the company, valued at $1,682,131.12. This trade represents a 232.57 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.06% of the company’s stock.

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.