Virtu Financial LLC Buys Shares of 10,407 BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Virtu Financial LLC purchased a new position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,407 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in BigCommerce in the 2nd quarter worth approximately $35,000. HighTower Advisors LLC raised its stake in shares of BigCommerce by 16.8% during the third quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of BigCommerce by 93.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after acquiring an additional 8,297 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of BigCommerce in the 3rd quarter valued at $105,000. Finally, Quantinno Capital Management LP bought a new position in shares of BigCommerce during the 3rd quarter valued at $105,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BIGC shares. Barclays upped their price target on shares of BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Bank of America dropped their target price on BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target on shares of BigCommerce in a research note on Monday, December 9th. Finally, Stifel Nicolaus lowered their price objective on BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.44.

BigCommerce Trading Down 1.0 %

NASDAQ BIGC opened at $6.18 on Friday. The stock has a market cap of $484.39 million, a P/E ratio of -17.17 and a beta of 1.15. BigCommerce Holdings, Inc. has a fifty-two week low of $5.13 and a fifty-two week high of $10.19. The stock has a 50 day simple moving average of $6.39 and a two-hundred day simple moving average of $6.64. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81.

About BigCommerce

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.