Ellen Siminoff Purchases 100,000 Shares of Commerce.com (NASDAQ:CMRC) Stock

Commerce.com, Inc. (NASDAQ:CMRC) insider Ellen Siminoff acquired 100,000 shares of Commerce.com stock in a transaction dated Tuesday, February 17th. The stock was bought at an average price of $2.94 per share, for a total transaction of $294,000.00. Following the completion of the transaction, the insider directly owned 353,333 shares of the company’s stock, valued at approximately $1,038,799.02. This represents a 39.47% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Commerce.com Trading Up 2.7%

Commerce.com stock opened at $3.02 on Friday. The stock has a 50-day moving average price of $3.61 and a 200 day moving average price of $4.32. Commerce.com, Inc. has a 52 week low of $2.41 and a 52 week high of $7.38. The stock has a market cap of $245.41 million, a PE ratio of -13.13, a P/E/G ratio of 1.03 and a beta of 1.15. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 3.67.

Analyst Ratings Changes

Several equities analysts recently issued reports on CMRC shares. UBS Group set a $3.00 price objective on shares of Commerce.com in a research note on Friday, February 13th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Zacks Research lowered Commerce.com from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 22nd. Canaccord Genuity Group decreased their price objective on Commerce.com from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Barclays dropped their target price on Commerce.com from $3.00 to $2.00 and set an “underweight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.58.

Hedge Funds Weigh In On Commerce.com

A number of large investors have recently bought and sold shares of CMRC. Quarry LP purchased a new stake in shares of Commerce.com during the 4th quarter valued at $27,000. New York State Common Retirement Fund purchased a new position in shares of Commerce.com in the 4th quarter worth $35,000. T3 Companies LLC acquired a new position in Commerce.com in the fourth quarter valued at $41,000. Avondale Wealth Management purchased a new stake in Commerce.com during the fourth quarter valued at about $41,000. Finally, Jain Global LLC acquired a new stake in Commerce.com during the fourth quarter worth about $46,000. Hedge funds and other institutional investors own 79.21% of the company’s stock.

About Commerce.com

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. As of December 31, 2021, it served approximately 60,000 online stores across industries.