BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Bought by 272 Capital LP

272 Capital LP boosted its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 19.9% during the third quarter, HoldingsChannel.com reports. The fund owned 1,060,455 shares of the company’s stock after buying an additional 175,705 shares during the quarter. BigCommerce makes up 3.2% of 272 Capital LP’s portfolio, making the stock its 7th biggest position. 272 Capital LP’s holdings in BigCommerce were worth $6,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its stake in BigCommerce by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 27,167 shares of the company’s stock valued at $219,000 after acquiring an additional 2,056 shares during the last quarter. HighTower Advisors LLC increased its stake in BigCommerce by 16.8% in the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock valued at $89,000 after acquiring an additional 2,200 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in BigCommerce by 6.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 50,794 shares of the company’s stock valued at $350,000 after acquiring an additional 3,188 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in BigCommerce in the second quarter valued at approximately $35,000. Finally, Rhumbline Advisers increased its stake in BigCommerce by 8.4% in the second quarter. Rhumbline Advisers now owns 101,556 shares of the company’s stock valued at $819,000 after acquiring an additional 7,849 shares during the last quarter. 79.21% of the stock is owned by institutional investors.

BigCommerce Stock Performance

Shares of BigCommerce stock opened at $7.25 on Friday. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. BigCommerce Holdings, Inc. has a twelve month low of $5.13 and a twelve month high of $10.19. The company’s fifty day moving average is $6.27 and its 200 day moving average is $6.70.

Analyst Ratings Changes

BIGC has been the topic of a number of recent analyst reports. Barclays lifted their price objective on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of BigCommerce in a research note on Monday. 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 research note on Thursday, October 3rd. Finally, Bank of America decreased their target price on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $8.44.

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.