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

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

Several other institutional investors and hedge funds also recently made changes to their positions in BIGC. Canada Pension Plan Investment Board bought a new stake in BigCommerce in the second quarter valued at approximately $35,000. AQR Capital Management LLC acquired a new position in shares of BigCommerce in the 2nd quarter worth approximately $121,000. HighTower Advisors LLC lifted its position in shares of BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after purchasing an additional 2,200 shares during the period. International Assets Investment Management LLC bought a new stake in shares of BigCommerce in the 3rd quarter valued at $920,000. Finally, Harbor Capital Advisors Inc. increased its position in shares of BigCommerce by 93.4% during the third 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. Institutional investors and hedge funds own 79.21% of the company’s stock.

Analysts Set New Price Targets

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

BigCommerce Price Performance

BIGC stock opened at $6.14 on Friday. 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 company’s 50-day moving average is $6.65 and its 200-day moving average is $6.42. The stock has a market capitalization of $481.25 million, a PE ratio of -17.06 and a beta of 1.18. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $8.98.

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.