Jeffrey Gordon Richards Sells 132,563 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) Stock

BigCommerce Holdings, Inc. (NASDAQ:BIGC) Director Jeffrey Gordon Richards sold 132,563 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $8.75, for a total value of $1,159,926.25. Following the completion of the transaction, the director now directly owns 15,480 shares in the company, valued at $135,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

BigCommerce Stock Performance

NASDAQ:BIGC opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 17.08, a current ratio of 5.09 and a quick ratio of 5.09. BigCommerce Holdings, Inc. has a 1 year low of $6.81 and a 1 year high of $13.39. The stock’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $9.58. The company has a market cap of $712.20 million, a price-to-earnings ratio of -7.37 and a beta of 0.82.

BigCommerce (NASDAQ:BIGC) last released its earnings results on Wednesday, November 8th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The firm had revenue of $78.05 million for the quarter, compared to the consensus estimate of $78.12 million. BigCommerce had a negative return on equity of 187.16% and a negative net margin of 31.74%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.30) EPS. As a group, equities analysts anticipate that BigCommerce Holdings, Inc. will post -0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BigCommerce

Several large investors have recently modified their holdings of BIGC. JPMorgan Chase & Co. increased its position in shares of BigCommerce by 80.9% during the 1st quarter. JPMorgan Chase & Co. now owns 191,173 shares of the company’s stock valued at $4,188,000 after purchasing an additional 85,493 shares during the last quarter. Raymond James & Associates increased its position in shares of BigCommerce by 87.0% during the 1st quarter. Raymond James & Associates now owns 10,848 shares of the company’s stock valued at $238,000 after purchasing an additional 5,048 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in BigCommerce by 3.7% during the 1st quarter. Bank of New York Mellon Corp now owns 625,583 shares of the company’s stock valued at $13,707,000 after acquiring an additional 22,357 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in BigCommerce by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 23,621 shares of the company’s stock valued at $518,000 after acquiring an additional 2,911 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in BigCommerce by 8.2% during the 1st quarter. HighTower Advisors LLC now owns 18,730 shares of the company’s stock valued at $414,000 after acquiring an additional 1,425 shares during the period. Institutional investors own 72.92% of the company’s stock.

Wall Street Analysts Forecast Growth

BIGC has been the topic of a number of analyst reports. UBS Group initiated coverage on BigCommerce in a research report on Friday, September 22nd. They set a “neutral” rating and a $12.00 price objective on the stock. Truist Financial lowered their price objective on BigCommerce from $12.00 to $10.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. The Goldman Sachs Group lowered their price objective on BigCommerce from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Friday, November 10th. Piper Sandler reaffirmed a “neutral” rating and set a $11.00 price objective on shares of BigCommerce in a research report on Thursday, November 16th. Finally, Barclays lifted their price objective on BigCommerce from $10.00 to $12.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.82.

About BigCommerce

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