Charles Schwab Investment Management Inc. Buys 9,419 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Charles Schwab Investment Management Inc. boosted its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 561,022 shares of the company’s stock after purchasing an additional 9,419 shares during the period. Charles Schwab Investment Management Inc. owned about 0.72% of BigCommerce worth $3,433,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in BigCommerce by 105.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after buying an additional 4,400 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of BigCommerce in the third quarter valued at approximately $61,000. Sanctuary Advisors LLC bought a new position in shares of BigCommerce during the fourth quarter worth approximately $66,000. HighTower Advisors LLC lifted its holdings in 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 purchasing an additional 2,200 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in BigCommerce in the 3rd quarter valued at $105,000. Institutional investors own 79.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BIGC shares. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a research report on Wednesday, March 12th. Barclays downgraded shares of BigCommerce from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $8.00 to $7.00 in a report on Friday, January 10th. Two investment 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. According to MarketBeat, BigCommerce has a consensus rating of “Hold” and an average price target of $7.80.

BigCommerce Price Performance

BIGC stock opened at $6.02 on Friday. The company’s 50-day moving average price is $6.41 and its two-hundred day moving average price is $6.27. BigCommerce Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $8.60. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $473.17 million, a P/E ratio of -17.20 and a beta of 1.13.

BigCommerce (NASDAQ:BIGC) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share (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. On average, analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at BigCommerce

In related news, Director Ellen F. Siminoff purchased 177,158 shares of BigCommerce stock in a transaction dated 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 approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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.