Los Angeles Capital Management LLC Cuts Stock Position in Bigcommerce Holdings, Inc. $BIGC

Los Angeles Capital Management LLC decreased its stake in shares of Bigcommerce Holdings, Inc. (NASDAQ:BIGCFree Report) by 17.3% in the second quarter, Holdings Channel reports. The institutional investor owned 188,125 shares of the company’s stock after selling 39,235 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Bigcommerce were worth $941,000 as of its most recent SEC filing.

Separately, Savant Capital LLC increased its holdings in shares of Bigcommerce by 66.2% during the second quarter. Savant Capital LLC now owns 16,717 shares of the company’s stock valued at $84,000 after acquiring an additional 6,661 shares in the last quarter. 79.21% of the stock is currently owned by institutional investors.

Bigcommerce Stock Up 6.2%

Shares of NASDAQ:BIGC opened at $5.51 on Friday. The stock has a market capitalization of $441.34 million, a P/E ratio of -25.05 and a beta of 1.15. The business has a 50-day moving average price of $4.81.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group reiterated a “buy” rating and issued a $11.00 price target on shares of Bigcommerce in a research note on Friday, August 1st. Wall Street Zen cut shares of Bigcommerce from a “buy” rating to a “hold” rating in a report on Sunday, August 3rd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Bigcommerce currently has an average rating of “Buy” and an average target price of $11.00.

Get Our Latest Research Report on BIGC

Bigcommerce Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Bigcommerce (NASDAQ:BIGC)

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