BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 16.2% in the 3rd quarter, Holdings Channel reports. The firm owned 1,079,973 shares of the company’s stock after purchasing an additional 150,260 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in BigCommerce were worth $6,318,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Divisar Capital Management LLC purchased a new stake in shares of BigCommerce during the second quarter worth $4,274,000. Clearline Capital LP boosted its position in BigCommerce by 27.3% during the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after acquiring an additional 203,785 shares during the last quarter. Algert Global LLC grew its stake in BigCommerce by 89.4% during the 2nd quarter. Algert Global LLC now owns 267,850 shares of the company’s stock valued at $2,159,000 after acquiring an additional 126,443 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in BigCommerce by 6.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock valued at $350,000 after acquiring an additional 3,188 shares during the last quarter. Finally, 272 Capital LP lifted its stake in BigCommerce by 40.0% in the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares in the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

BigCommerce Stock Down 1.6 %

Shares of NASDAQ:BIGC opened at $7.53 on Friday. The company has a market capitalization of $590.20 million, a price-to-earnings ratio of -20.92 and a beta of 1.15. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $10.19. The business has a 50-day moving average price of $6.09 and a 200 day moving average price of $6.72. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of BigCommerce in a research report on Thursday, October 3rd. Stifel Nicolaus cut their target price on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Bank of America reduced their price target on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a report on Thursday, August 29th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.81.

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.