Atom Investors LP Takes $173,000 Position in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Atom Investors LP acquired a new stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) in the third quarter, Holdings Channel reports. The institutional investor acquired 29,569 shares of the company’s stock, valued at approximately $173,000.

A number of other institutional investors also recently made changes to their positions in the business. Divisar Capital Management LLC bought a new stake in BigCommerce during the 2nd quarter valued at $4,274,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BigCommerce by 196.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock valued at $2,268,000 after buying an additional 256,783 shares during the last quarter. 272 Capital LP raised its holdings in BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock valued at $7,131,000 after buying an additional 252,946 shares during the last quarter. Clearline Capital LP raised its holdings in BigCommerce by 27.3% in the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after purchasing an additional 203,785 shares in the last quarter. Finally, Algert Global LLC raised its holdings in BigCommerce by 67.7% in the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after purchasing an additional 181,222 shares in the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Analysts Set New Price Targets

BIGC has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective on shares of BigCommerce in a report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Bank of America decreased their price objective on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.81.

BigCommerce Stock Up 3.5 %

Shares of BigCommerce stock opened at $7.65 on Thursday. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $10.19. The company has a 50-day moving average of $6.06 and a 200 day moving average of $6.71. The firm has a market cap of $599.61 million, a price-to-earnings ratio of -21.25 and a beta of 1.15. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

About BigCommerce

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.