US Bancorp DE Has $121,000 Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

US Bancorp DE increased its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 15,736.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,796 shares of the company’s stock after buying an additional 19,671 shares during the quarter. US Bancorp DE’s holdings in BigCommerce were worth $121,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund grew its position in BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after buying an additional 4,400 shares in the last quarter. Virtu Financial LLC acquired a new stake in BigCommerce during the third quarter worth approximately $61,000. Sanctuary Advisors LLC acquired a new stake in BigCommerce during the fourth quarter worth approximately $66,000. HighTower Advisors LLC grew its position in BigCommerce by 16.8% during the third 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. Finally, Quantinno Capital Management LP acquired a new stake in BigCommerce during the third quarter worth approximately $105,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on BIGC shares. Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays cut BigCommerce from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $8.00 to $7.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.80.

Insider Activity

In other news, Director Ellen F. Siminoff purchased 177,158 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was 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 of the company’s stock, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.06% of the stock is owned by corporate insiders.

BigCommerce Stock Down 1.6 %

NASDAQ BIGC opened at $5.97 on Monday. The business has a fifty day moving average price of $6.45 and a two-hundred day moving average price of $6.27. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. BigCommerce Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $8.60. The stock has a market capitalization of $469.24 million, a PE ratio of -17.06 and a beta of 1.13.

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

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.