Insider Selling: Commerce.com (NASDAQ:CMRC) CFO Sells 6,840 Shares of Stock

Commerce.com, Inc. (NASDAQ:CMRC) CFO Daniel Lentz sold 6,840 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $2.91, for a total transaction of $19,904.40. Following the transaction, the chief financial officer owned 480,145 shares in the company, valued at approximately $1,397,221.95. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Commerce.com Stock Up 4.8%

Shares of NASDAQ CMRC traded up $0.14 during midday trading on Thursday, reaching $3.08. 593,129 shares of the company’s stock traded hands, compared to its average volume of 937,863. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The stock’s 50 day simple moving average is $2.81 and its 200-day simple moving average is $3.44. Commerce.com, Inc. has a one year low of $2.41 and a one year high of $5.55. The company has a market cap of $254.14 million, a price-to-earnings ratio of -17.11 and a beta of 1.14.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CMRC shares. Wall Street Zen upgraded shares of Commerce.com from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barclays raised their target price on shares of Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research note on Monday, May 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research note on Monday, April 20th. Needham & Company LLC restated a “buy” rating and issued a $7.50 target price on shares of Commerce.com in a research note on Thursday, April 30th. Finally, Zacks Research upgraded shares of Commerce.com from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.70.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. M&T Bank Corp purchased a new position in shares of Commerce.com in the fourth quarter worth $5,679,000. Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Commerce.com in the fourth quarter worth $762,000. Pallas Capital Advisors LLC purchased a new position in shares of Commerce.com in the fourth quarter worth $50,000. S Squared Technology LLC purchased a new position in shares of Commerce.com in the fourth quarter worth $4,976,000. Finally, T3 Companies LLC purchased a new position in shares of Commerce.com in the fourth quarter worth $41,000. 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.