BigCommerce Holdings, Inc. (NASDAQ:BIGC) Insider Jimmy Duvall Sells 5,000 Shares

BigCommerce Holdings, Inc. (NASDAQ:BIGC) insider Jimmy Duvall sold 5,000 shares of the stock in a transaction on Wednesday, June 9th. The shares were sold at an average price of $59.28, for a total value of $296,400.00. Following the sale, the insider now owns 89,009 shares of the company’s stock, valued at approximately $5,276,453.52. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Jimmy Duvall also recently made the following trade(s):

  • On Friday, April 9th, Jimmy Duvall sold 5,000 shares of BigCommerce stock. The stock was sold at an average price of $57.51, for a total transaction of $287,550.00.

Shares of BigCommerce stock opened at $59.66 on Friday. BigCommerce Holdings, Inc. has a 1-year low of $42.17 and a 1-year high of $162.50. The firm’s fifty day simple moving average is $54.68. The company has a market cap of $4.19 billion and a P/E ratio of -57.92.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Monday, May 10th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.07. The business had revenue of $46.70 million for the quarter, compared to the consensus estimate of $42.18 million. BigCommerce had a negative net margin of 25.37% and a negative return on equity of 52.31%. The firm’s revenue for the quarter was up 40.7% on a year-over-year basis. As a group, equities research analysts predict that BigCommerce Holdings, Inc. will post -0.66 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of BIGC. General Catalyst Group Management LLC acquired a new position in shares of BigCommerce in the 4th quarter worth approximately $529,459,000. Fred Alger Management LLC increased its stake in shares of BigCommerce by 5,761.1% in the 1st quarter. Fred Alger Management LLC now owns 4,443,922 shares of the company’s stock valued at $256,859,000 after acquiring an additional 4,368,102 shares during the last quarter. Matrix Capital Management Company LP grew its position in shares of BigCommerce by 14.6% in the 1st quarter. Matrix Capital Management Company LP now owns 3,900,000 shares of the company’s stock valued at $225,420,000 after purchasing an additional 496,292 shares during the period. Artisan Partners Limited Partnership acquired a new position in BigCommerce during the 1st quarter worth approximately $149,602,000. Finally, BlackRock Inc. boosted its holdings in shares of BigCommerce by 91.0% in the 1st quarter. BlackRock Inc. now owns 1,428,321 shares of the company’s stock valued at $82,557,000 after buying an additional 680,656 shares during the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

BIGC has been the topic of a number of analyst reports. Needham & Company LLC dropped their target price on BigCommerce from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, May 12th. Barclays dropped their price objective on BigCommerce from $64.00 to $53.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 12th. Raymond James reiterated a “hold” rating on shares of BigCommerce in a research note on Wednesday, February 24th. Canaccord Genuity decreased their price target on shares of BigCommerce from $75.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, May 12th. Finally, Truist Securities cut their target price on BigCommerce from $95.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, May 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $67.53.

BigCommerce Company Profile

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States. The company's platform provides various services for launching and scaling ecommerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations.

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Insider Buying and Selling by Quarter for BigCommerce (NASDAQ:BIGC)

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