S Squared Technology LLC Raises Holdings in Bigcommerce Holdings, Inc. $BIGC

S Squared Technology LLC lifted its position in shares of Bigcommerce Holdings, Inc. (NASDAQ:BIGC) by 29.0% during the second quarter, Holdings Channel.com reports. The institutional investor owned 798,142 shares of the company’s stock after acquiring an additional 179,480 shares during the quarter. Bigcommerce makes up approximately 1.7% of S Squared Technology LLC’s portfolio, making the stock its 22nd biggest position. S Squared Technology LLC’s holdings in Bigcommerce were worth $3,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Savant Capital LLC lifted its stake in Bigcommerce by 66.2% in the second quarter. Savant Capital LLC now owns 16,717 shares of the company’s stock worth $84,000 after acquiring an additional 6,661 shares during the period. Campbell & CO Investment Adviser LLC raised its holdings in shares of Bigcommerce by 106.9% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 34,130 shares of the company’s stock valued at $171,000 after purchasing an additional 17,631 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Bigcommerce by 8.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,178,413 shares of the company’s stock worth $5,892,000 after purchasing an additional 94,448 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Bigcommerce by 82.6% in the 2nd quarter. Acadian Asset Management LLC now owns 1,260,708 shares of the company’s stock worth $6,299,000 after purchasing an additional 570,160 shares during the period. 79.21% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

BIGC has been the topic of several research reports. Wall Street Zen lowered shares of Bigcommerce from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. Canaccord Genuity Group reiterated a “buy” rating and issued a $11.00 price target on shares of Bigcommerce in a report on Friday, August 1st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Bigcommerce currently has a consensus rating of “Buy” and an average price target of $11.00.

Bigcommerce Stock Performance

Shares of BIGC stock opened at $4.62 on Monday. The company has a fifty day moving average of $4.77. The stock has a market capitalization of $370.05 million, a PE ratio of -21.00 and a beta of 1.15.

Bigcommerce Profile

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.