Daiwa Securities Group Inc. Boosts Stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Daiwa Securities Group Inc. raised its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGCGet Rating) by 84.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,150 shares of the company’s stock after acquiring an additional 987 shares during the period. Daiwa Securities Group Inc.’s holdings in BigCommerce were worth $76,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its position in shares of BigCommerce by 59.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 955 shares of the company’s stock valued at $34,000 after acquiring an additional 355 shares during the last quarter. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of BigCommerce during the fourth quarter worth $35,000. FourThought Financial LLC boosted its position in shares of BigCommerce by 60.9% during the third quarter. FourThought Financial LLC now owns 1,110 shares of the company’s stock worth $56,000 after buying an additional 420 shares during the period. Tortoise Index Solutions LLC lifted its position in shares of BigCommerce by 17.4% during the third quarter. Tortoise Index Solutions LLC now owns 1,680 shares of the company’s stock worth $85,000 after purchasing an additional 249 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in shares of BigCommerce during the third quarter worth $97,000. Institutional investors and hedge funds own 79.29% of the company’s stock.

BIGC has been the subject of a number of research reports. The Goldman Sachs Group reduced their price target on shares of BigCommerce from $60.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, March 1st. Stifel Nicolaus lowered their price objective on shares of BigCommerce from $50.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, March 21st. Morgan Stanley lowered their price objective on shares of BigCommerce from $57.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 1st. KeyCorp decreased their price objective on BigCommerce from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, March 1st. Finally, William Blair reaffirmed a “market perform” rating on shares of BigCommerce in a research report on Tuesday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, BigCommerce currently has a consensus rating of “Buy” and an average price target of $38.00.

In other BigCommerce news, Director Jeffrey Gordon Richards sold 32,000 shares of BigCommerce stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $20.99, for a total transaction of $671,680.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Russell Scott Klein sold 2,500 shares of BigCommerce stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $30.75, for a total transaction of $76,875.00. The disclosure for this sale can be found here. Insiders sold 216,649 shares of company stock worth $4,493,712 over the last 90 days. Company insiders own 12.47% of the company’s stock.

BIGC stock opened at $17.32 on Friday. The company’s 50 day simple moving average is $21.92 and its 200-day simple moving average is $34.63. The firm has a market capitalization of $1.26 billion, a PE ratio of -16.19 and a beta of 0.85. BigCommerce Holdings, Inc. has a 12 month low of $16.99 and a 12 month high of $72.20. The company has a debt-to-equity ratio of 2.43, a current ratio of 7.24 and a quick ratio of 7.24.

BigCommerce (NASDAQ:BIGCGet Rating) last released its quarterly earnings results on Monday, February 28th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). BigCommerce had a negative net margin of 34.88% and a negative return on equity of 27.52%. The business had revenue of $64.90 million during the quarter, compared to analyst estimates of $61.83 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 50.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that BigCommerce Holdings, Inc. will post -1.09 earnings per share for the current year.

About BigCommerce (Get Rating)

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.

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Institutional Ownership by Quarter for BigCommerce (NASDAQ:BIGC)

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