EntryPoint Capital LLC Buys Shares of 87,780 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

EntryPoint Capital LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 87,780 shares of the company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC boosted its stake in shares of BigCommerce by 154.9% during the third quarter. Barclays PLC now owns 116,667 shares of the company’s stock valued at $682,000 after purchasing an additional 70,902 shares during the period. Jane Street Group LLC increased its position in shares of BigCommerce by 88.2% during the third quarter. Jane Street Group LLC now owns 206,265 shares of the company’s stock worth $1,207,000 after acquiring an additional 96,667 shares during the period. Walleye Capital LLC bought a new stake in shares of BigCommerce during the third quarter valued at approximately $170,000. New York State Common Retirement Fund boosted its holdings in shares of BigCommerce by 105.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,579 shares of the company’s stock valued at $53,000 after purchasing an additional 4,400 shares during the period. Finally, State Street Corp grew its stake in BigCommerce by 1.1% in the third quarter. State Street Corp now owns 1,522,002 shares of the company’s stock worth $8,904,000 after purchasing an additional 16,561 shares in the last quarter. 79.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BIGC has been the subject of several research reports. Barclays cut BigCommerce from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $8.00 to $7.00 in a report on Friday, January 10th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Wednesday, March 12th. Two research 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.80.

BigCommerce Stock Up 1.7 %

Shares of NASDAQ BIGC opened at $6.09 on Tuesday. The stock has a market capitalization of $478.67 million, a PE ratio of -17.40 and a beta of 1.13. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. BigCommerce Holdings, Inc. has a 12-month low of $5.13 and a 12-month high of $8.60. The stock’s fifty day simple moving average is $6.42 and its two-hundred day simple moving average is $6.27.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05). The company had revenue of $87.03 million for the quarter, compared to the consensus estimate of $86.90 million. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. As a group, analysts expect that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

Insider Transactions at BigCommerce

In other news, Director Ellen F. Siminoff bought 177,158 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the completion of the purchase, the director now directly owns 253,333 shares in the company, valued at approximately $1,682,131.12. The trade was a 232.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 9.06% of the company’s stock.

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.