BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Acquired by Clearline Capital LP

Clearline Capital LP lifted its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 69.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,611,619 shares of the company’s stock after buying an additional 661,688 shares during the period. Clearline Capital LP’s holdings in BigCommerce were worth $9,428,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BIGC. Canada Pension Plan Investment Board acquired a new stake in BigCommerce during the 2nd quarter worth about $35,000. Harbor Capital Advisors Inc. raised its stake in shares of BigCommerce by 93.4% in the third quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after purchasing an additional 8,297 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of BigCommerce during the first quarter worth about $104,000. Aigen Investment Management LP purchased a new stake in BigCommerce in the third quarter valued at approximately $105,000. Finally, Paloma Partners Management Co acquired a new position in BigCommerce in the 3rd quarter worth approximately $106,000. 79.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on BIGC shares. Stifel Nicolaus dropped their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Barclays lowered their price target on shares of 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 reiterated a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a research note on Thursday, October 3rd. Finally, Bank of America lowered their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, BigCommerce has an average rating of “Hold” and a consensus price target of $8.81.

BigCommerce Stock Down 0.5 %

Shares of BIGC opened at $7.37 on Monday. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a market cap of $577.66 million, a P/E ratio of -20.47 and a beta of 0.99. The stock’s 50 day moving average is $5.96 and its two-hundred day moving average is $6.72. BigCommerce Holdings, Inc. has a 12 month low of $5.13 and a 12 month high of $10.19.

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.