Verition Fund Management LLC Has $79,000 Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Verition Fund Management LLC decreased its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 52.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,503 shares of the company’s stock after selling 14,676 shares during the period. Verition Fund Management LLC’s holdings in BigCommerce were worth $79,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in BigCommerce in the second quarter worth about $35,000. Harbor Capital Advisors Inc. grew its position in shares of BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after buying an additional 8,297 shares during the period. Aigen Investment Management LP bought a new stake in shares of BigCommerce during the third quarter worth approximately $105,000. Intech Investment Management LLC acquired a new position in BigCommerce in the third quarter valued at approximately $112,000. Finally, AQR Capital Management LLC bought a new position in BigCommerce in the second quarter valued at approximately $121,000. Institutional investors own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Bank of America decreased their price objective on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research note on Thursday, August 29th. Barclays boosted their target price on BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. 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. Finally, Stifel Nicolaus decreased their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.44.

BigCommerce Stock Down 1.6 %

Shares of BigCommerce stock opened at $6.85 on Wednesday. BigCommerce Holdings, Inc. has a 52-week low of $5.13 and a 52-week high of $10.19. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The business’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $6.66. The firm has a market cap of $536.90 million, a PE ratio of -19.03 and a beta of 1.15.

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.