BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 576,479 shares of the company’s stock after selling 133,023 shares during the quarter. Penserra Capital Management LLC owned about 0.74% of BigCommerce worth $3,372,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BIGC. Vanguard Group Inc. raised its position in shares of BigCommerce by 5.9% in the first quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock valued at $70,817,000 after buying an additional 572,396 shares during the last quarter. Clearbridge Investments LLC raised its holdings in BigCommerce by 8.0% in the 2nd quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock valued at $11,551,000 after acquiring an additional 106,080 shares during the last quarter. Clearline Capital LP lifted its stake in BigCommerce by 27.3% in the 2nd quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock worth $7,656,000 after purchasing an additional 203,785 shares in the last quarter. 272 Capital LP boosted its holdings in shares of BigCommerce by 40.0% during the 2nd quarter. 272 Capital LP now owns 884,750 shares of the company’s stock worth $7,131,000 after purchasing an additional 252,946 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in shares of BigCommerce by 42.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 669,986 shares of the company’s stock worth $4,602,000 after purchasing an additional 198,638 shares during the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.

BigCommerce Price Performance

Shares of BIGC opened at $7.19 on Tuesday. The firm has a 50-day simple moving average of $5.86 and a two-hundred day simple moving average of $6.73. The stock has a market cap of $563.55 million, a PE ratio of -19.97 and a beta of 0.99. BigCommerce Holdings, Inc. has a 1-year low of $5.13 and a 1-year high of $10.19. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81.

Analyst Ratings Changes

A number of brokerages recently commented on BIGC. Barclays reduced their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Bank of America lowered their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. Needham & Company LLC restated a “buy” rating and set a $14.00 price objective on shares of BigCommerce in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus decreased their target price 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. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.81.

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.