Tudor Investment Corp ET AL Has $415,000 Stock Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Tudor Investment Corp ET AL trimmed its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 63.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 67,735 shares of the company’s stock after selling 117,178 shares during the quarter. Tudor Investment Corp ET AL’s holdings in BigCommerce were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Barclays PLC raised its holdings in BigCommerce by 154.9% during the 3rd quarter. Barclays PLC now owns 116,667 shares of the company’s stock worth $682,000 after purchasing an additional 70,902 shares during the last quarter. Virtu Financial LLC raised its stake in BigCommerce by 56.9% during the fourth quarter. Virtu Financial LLC now owns 16,333 shares of the company’s stock worth $100,000 after buying an additional 5,926 shares during the last quarter. New York State Common Retirement Fund raised its stake in BigCommerce by 105.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock worth $53,000 after buying an additional 4,400 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in BigCommerce by 6.7% in the fourth quarter. Renaissance Technologies LLC now owns 880,005 shares of the company’s stock valued at $5,386,000 after buying an additional 55,353 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in BigCommerce by 3.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company’s stock valued at $7,730,000 after acquiring an additional 42,920 shares during the last quarter. 79.21% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on BIGC shares. Morgan Stanley dropped their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Finally, Barclays reduced their price objective on shares of BigCommerce from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BigCommerce has a consensus rating of “Hold” and an average target price of $7.40.

BigCommerce Stock Up 0.8 %

BIGC stock opened at $5.24 on Friday. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 7.48. The stock’s 50 day moving average is $5.59 and its 200-day moving average is $6.16. BigCommerce Holdings, Inc. has a twelve month low of $4.85 and a twelve month high of $8.60. The firm has a market capitalization of $411.86 million, a PE ratio of -14.97 and a beta of 1.18.

BigCommerce (NASDAQ:BIGC) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The business had revenue of $82.37 million during the quarter, compared to the consensus estimate of $82.48 million. During the same quarter last year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Insider Activity

In other news, Director Ellen F. Siminoff purchased 177,158 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the transaction, the director now directly owns 253,333 shares of the company’s stock, valued at approximately $1,682,131.12. This trade represents a 232.57 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 4.99% of the stock is owned by company insiders.

BigCommerce Company 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.