Commerce.com (NASDAQ:CMRC) Insider Buys $294,000.00 in Stock

Commerce.com, Inc. (NASDAQ:CMRC) insider Ellen Siminoff bought 100,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $2.94 per share, with a total value of $294,000.00. Following the transaction, the insider directly owned 353,333 shares in the company, valued at approximately $1,038,799.02. The trade was a 39.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Commerce.com Stock Down 1.7%

Shares of CMRC stock traded down $0.05 during trading hours on Thursday, hitting $2.94. 1,473,266 shares of the company were exchanged, compared to its average volume of 1,276,816. The stock has a market capitalization of $238.90 million, a price-to-earnings ratio of -12.78 and a beta of 1.15. Commerce.com, Inc. has a one year low of $2.41 and a one year high of $7.50. The business’s 50-day simple moving average is $3.67 and its two-hundred day simple moving average is $4.34. The company has a debt-to-equity ratio of 3.67, a quick ratio of 2.14 and a current ratio of 2.14.

Analysts Set New Price Targets

Several research analysts have recently commented on CMRC shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Commerce.com in a research report on Wednesday, January 21st. Barclays reduced their price objective on Commerce.com from $3.00 to $2.00 and set an “underweight” rating on the stock in a research note on Tuesday. Canaccord Genuity Group decreased their price objective on shares of Commerce.com from $11.00 to $6.00 and set a “buy” rating for the company in a report on Friday, February 13th. Morgan Stanley cut shares of Commerce.com from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $6.50 to $4.00 in a report on Tuesday, January 20th. Finally, Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $5.58.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new position in Commerce.com during the 4th quarter worth $6,605,000. Marshall Wace LLP acquired a new position in shares of Commerce.com during the fourth quarter valued at $6,188,000. State Street Corp bought a new position in shares of Commerce.com during the fourth quarter worth about $5,867,000. Potrero Capital Research LLC bought a new position in shares of Commerce.com during the fourth quarter worth about $5,831,000. Finally, M&T Bank Corp acquired a new stake in shares of Commerce.com in the 4th quarter worth about $5,679,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

About Commerce.com

BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company’s platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations. As of December 31, 2021, it served approximately 60,000 online stores across industries.