The Manufacturers Life Insurance Company boosted its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC – Free Report) by 8.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,167 shares of the company’s stock after acquiring an additional 2,056 shares during the period. The Manufacturers Life Insurance Company’s holdings in BigCommerce were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of BIGC. Vanguard Group Inc. grew its stake in shares of BigCommerce by 5.9% during the first quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock worth $70,817,000 after acquiring an additional 572,396 shares during the last quarter. Clearbridge Investments LLC grew its position in BigCommerce by 2.4% during the 1st quarter. Clearbridge Investments LLC now owns 1,327,083 shares of the company’s stock worth $9,144,000 after purchasing an additional 30,683 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in BigCommerce by 10.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,061,800 shares of the company’s stock valued at $7,316,000 after purchasing an additional 102,100 shares in the last quarter. 272 Capital LP raised its holdings in shares of BigCommerce by 40.0% in the second quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after buying an additional 252,946 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of BigCommerce by 42.1% during the first quarter. CANADA LIFE ASSURANCE Co now owns 669,986 shares of the company’s stock worth $4,602,000 after buying an additional 198,638 shares during the period. 79.21% of the stock is currently owned by institutional investors and hedge funds.
BigCommerce Stock Performance
NASDAQ BIGC opened at $5.82 on Friday. The firm has a market capitalization of $449.74 million, a P/E ratio of -9.09 and a beta of 0.98. The stock has a 50-day simple moving average of $5.81 and a two-hundred day simple moving average of $6.77. The company has a debt-to-equity ratio of 13.04, a quick ratio of 4.51 and a current ratio of 4.51. BigCommerce Holdings, Inc. has a fifty-two week low of $5.35 and a fifty-two week high of $10.29.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BIGC. Stifel Nicolaus cut their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays cut their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective on shares of BigCommerce in a research note on Thursday, October 3rd. Finally, Bank of America dropped their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, BigCommerce presently has a consensus rating of “Hold” and an average target price of $8.81.
Check Out Our Latest Stock Report on BIGC
BigCommerce Profile
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.
Read More
- Five stocks we like better than BigCommerce
- What Are Some of the Best Large-Cap Stocks to Buy?
- Survey Reveals: America’s Most Coveted Businesses in 2024
- How to Invest in the Best Canadian Stocks
- Top 3 Stocks to Play Oil’s Potential Comeback Rally
- 3 Fintech Stocks With Good 2021 Prospects
- Analysts See Growth in CrowdStrike Stock Despite July Setback
Want to see what other hedge funds are holding BIGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BigCommerce Holdings, Inc. (NASDAQ:BIGC – Free Report).
Receive News & Ratings for BigCommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BigCommerce and related companies with MarketBeat.com's FREE daily email newsletter.