Geode Capital Management LLC Boosts Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Geode Capital Management LLC raised its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,600,219 shares of the company’s stock after buying an additional 21,105 shares during the period. Geode Capital Management LLC owned about 2.06% of BigCommerce worth $9,363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Clearline Capital LP raised its stake in shares of BigCommerce by 69.7% during the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after acquiring an additional 661,688 shares in the last quarter. Divisar Capital Management LLC purchased a new position in BigCommerce during the 2nd quarter worth $4,274,000. Connor Clark & Lunn Investment Management Ltd. raised its position in BigCommerce by 196.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock valued at $2,268,000 after purchasing an additional 256,783 shares in the last quarter. 272 Capital LP lifted its holdings in shares of BigCommerce by 40.0% in the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after buying an additional 252,946 shares during the period. Finally, Algert Global LLC grew its position in shares of BigCommerce by 67.7% during the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after buying an additional 181,222 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

BigCommerce Stock Performance

BIGC stock opened at $6.12 on Thursday. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $9.61. The firm has a market cap of $479.69 million, a price-to-earnings ratio of -17.00 and a beta of 1.15. 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 firm has a 50-day simple moving average of $6.46 and a two-hundred day simple moving average of $6.52.

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.