272 Capital LP Has $6.20 Million Holdings in BigCommerce Holdings, Inc. (NASDAQ:BIGC)

272 Capital LP grew its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 19.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,060,455 shares of the company’s stock after acquiring an additional 175,705 shares during the period. BigCommerce accounts for approximately 3.2% of 272 Capital LP’s holdings, making the stock its 7th largest position. 272 Capital LP owned approximately 1.35% of BigCommerce worth $6,204,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. lifted its stake in BigCommerce by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after purchasing an additional 35,016 shares during the last quarter. Clearline Capital LP lifted its stake in BigCommerce by 69.7% in the 3rd quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock valued at $9,428,000 after purchasing an additional 661,688 shares during the last quarter. Geode Capital Management LLC lifted its stake in BigCommerce by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after purchasing an additional 21,105 shares during the last quarter. State Street Corp lifted its stake in BigCommerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,522,002 shares of the company’s stock valued at $8,904,000 after purchasing an additional 16,561 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake 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 purchasing an additional 106,080 shares during the last quarter. Institutional investors own 79.21% of the company’s stock.

BigCommerce Stock Up 1.3 %

NASDAQ BIGC opened at $7.25 on Friday. 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 1-year low of $5.13 and a 1-year high of $10.19. The company has a 50 day moving average of $6.27 and a 200-day moving average of $6.70.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BIGC shares. Barclays raised their target price 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. Stifel Nicolaus cut their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Needham & Company LLC restated a “buy” rating and set a $10.00 price objective on shares of BigCommerce in a research report on Monday. Finally, Bank of America cut their price objective on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a research report on Thursday, August 29th. 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. According to data from MarketBeat, BigCommerce has an average rating of “Hold” and an average target price of $8.44.

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.