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

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

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in BigCommerce in the second quarter valued at approximately $35,000. AQR Capital Management LLC purchased a new position in shares of BigCommerce during the 2nd quarter valued at $121,000. HighTower Advisors LLC grew its stake in shares of BigCommerce by 16.8% during the 3rd quarter. HighTower Advisors LLC now owns 15,310 shares of the company’s stock worth $89,000 after acquiring an additional 2,200 shares during the period. International Assets Investment Management LLC purchased a new stake in BigCommerce in the 3rd quarter worth about $920,000. Finally, Harbor Capital Advisors Inc. raised its stake in BigCommerce by 93.4% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock valued at $100,000 after acquiring an additional 8,297 shares during the period. Hedge funds and other institutional investors own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

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

BigCommerce Stock Down 1.0 %

BIGC opened at $6.18 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 one year low of $5.13 and a one year high of $10.19. The firm has a market capitalization of $484.39 million, a P/E ratio of -17.17 and a beta of 1.15. The company has a fifty day moving average price of $6.39 and a 200-day moving average price of $6.64.

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.