BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff Sells 2,500 Shares

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Ellen F. Siminoff sold 2,500 shares of the company’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $53.34, for a total transaction of $133,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ellen F. Siminoff also recently made the following trade(s):

  • On Monday, July 26th, Ellen F. Siminoff sold 2,500 shares of BigCommerce stock. The stock was sold at an average price of $67.99, for a total transaction of $169,975.00.

BIGC traded down $1.48 during trading on Tuesday, hitting $53.49. 936,567 shares of the company’s stock were exchanged, compared to its average volume of 1,705,141. The business’s 50 day moving average is $60.48 and its two-hundred day moving average is $58.64. The stock has a market cap of $3.80 billion and a P/E ratio of -83.29. BigCommerce Holdings, Inc. has a fifty-two week low of $42.17 and a fifty-two week high of $109.15.

BigCommerce (NASDAQ:BIGC) last released its quarterly earnings results on Thursday, August 5th. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. The business had revenue of $49.01 million for the quarter, compared to analysts’ expectations of $46.76 million. BigCommerce had a negative net margin of 25.66% and a negative return on equity of 22.20%. As a group, research analysts expect that BigCommerce Holdings, Inc. will post -0.74 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in BigCommerce by 44.7% during the second quarter. Parametric Portfolio Associates LLC now owns 21,656 shares of the company’s stock worth $1,406,000 after buying an additional 6,689 shares during the last quarter. Morgan Stanley raised its stake in shares of BigCommerce by 69.4% during the 2nd quarter. Morgan Stanley now owns 337,579 shares of the company’s stock worth $21,916,000 after buying an additional 138,319 shares in the last quarter. Bradley Foster & Sargent Inc. CT increased its stake in BigCommerce by 9.5% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 33,607 shares of the company’s stock valued at $2,182,000 after purchasing an additional 2,922 shares in the last quarter. Wells Fargo & Company MN increased its stake in BigCommerce by 21.3% in the 2nd quarter. Wells Fargo & Company MN now owns 18,966 shares of the company’s stock valued at $1,231,000 after purchasing an additional 3,325 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of BigCommerce during the second quarter worth $45,000. 66.59% of the stock is currently owned by institutional investors and hedge funds.

BIGC has been the topic of several research analyst reports. Zacks Investment Research cut shares of BigCommerce from a “hold” rating to a “sell” rating in a research note on Thursday, August 12th. Guggenheim reiterated a “hold” rating on shares of BigCommerce in a report on Friday, August 27th. Canaccord Genuity increased their target price on shares of BigCommerce from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, July 28th. Barclays cut their target price on shares of BigCommerce from $72.00 to $66.00 and set an “equal weight” rating on the stock in a report on Friday, September 17th. Finally, Needham & Company LLC assumed coverage on shares of BigCommerce in a report on Monday, August 23rd. They set a “buy” rating and a $85.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, BigCommerce has an average rating of “Hold” and an average target price of $70.73.

About BigCommerce

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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