17,873 Shares in BigCommerce Holdings, Inc. (NASDAQ:BIGC) Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP acquired a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 17,873 shares of the company’s stock, valued at approximately $105,000.

Other hedge funds also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. lifted its stake in BigCommerce by 16.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,079,973 shares of the company’s stock worth $6,318,000 after purchasing an additional 150,260 shares during the period. HighTower Advisors LLC raised its holdings in shares of BigCommerce by 16.8% in the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after buying an additional 2,200 shares in the last quarter. Circumference Group LLC bought a new position in shares of BigCommerce during the 3rd quarter worth approximately $439,000. Clearline Capital LP boosted its stake in BigCommerce by 69.7% in the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after buying an additional 661,688 shares in the last quarter. Finally, Atom Investors LP acquired a new position in BigCommerce during the third quarter worth $173,000. Institutional investors own 79.21% of the company’s stock.

Analysts Set New Price Targets

BIGC has been the topic of several recent analyst reports. Bank of America reduced their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus reduced their price target on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Barclays raised their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of BigCommerce in a report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $8.44.

BigCommerce Stock Down 1.6 %

NASDAQ:BIGC opened at $6.85 on Wednesday. The company has a market cap of $536.90 million, a price-to-earnings ratio of -19.03 and a beta of 1.15. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The stock’s fifty day moving average price is $6.35 and its two-hundred day moving average price is $6.66. BigCommerce Holdings, Inc. has a 52-week low of $5.13 and a 52-week high of $10.19.

BigCommerce Company 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.