BigCommerce Holdings, Inc. (NASDAQ:BIGC) Insider Sells $2,174,754.24 in Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) insider Paul Vaillancourt sold 33,056 shares of the stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $65.79, for a total transaction of $2,174,754.24. Following the sale, the insider now directly owns 237,777 shares in the company, valued at $15,643,348.83. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ:BIGC opened at $67.63 on Friday. BigCommerce Holdings, Inc. has a one year low of $63.77 and a one year high of $162.50. The business has a fifty day moving average of $84.65.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings data on Thursday, November 5th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.15. The company had revenue of $39.74 million during the quarter, compared to analysts’ expectations of $36.34 million. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. As a group, research analysts anticipate that BigCommerce Holdings, Inc. will post -1.01 earnings per share for the current fiscal year.

Several brokerages recently commented on BIGC. Smith Barney Citigroup began coverage on shares of BigCommerce in a research report on Friday, November 13th. They set a “sell” rating and a $65.00 price objective on the stock. Zacks Investment Research downgraded shares of BigCommerce from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of BigCommerce in a report on Friday, November 13th. They set a “sell” rating and a $65.00 price target on the stock. ValuEngine raised shares of BigCommerce from a “hold” rating to a “buy” rating in a report on Monday, October 12th. Finally, Truist raised shares of BigCommerce from a “hold” rating to a “buy” rating and raised their price target for the company from $80.00 to $95.00 in a report on Monday, November 16th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. BigCommerce currently has an average rating of “Hold” and a consensus target price of $87.58.

Large investors have recently bought and sold shares of the company. Trustcore Financial Services LLC purchased a new stake in shares of BigCommerce in the 3rd quarter worth $28,000. Clearstead Advisors LLC bought a new position in BigCommerce in the 3rd quarter worth $30,000. Sterling Investment Advisors Ltd. bought a new position in BigCommerce in the 3rd quarter worth $33,000. Costello Asset Management INC bought a new position in BigCommerce in the 3rd quarter worth $33,000. Finally, Berman Capital Advisors LLC bought a new position in BigCommerce in the 3rd quarter worth $41,000. Hedge funds and other institutional investors own 1.95% of the company’s stock.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's platform simplifies the creation of engaging online stores. It powers its customers' branded ecommerce stores and their cross-channel connections to various online marketplaces, social networks, and offline point-of-sale systems.

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