Mizuho Markets Americas LLC Sells 9,300 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Mizuho Markets Americas LLC trimmed its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 46.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,548 shares of the company’s stock after selling 9,300 shares during the period. Mizuho Markets Americas LLC’s holdings in BigCommerce were worth $73,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Susquehanna Fundamental Investments LLC boosted its stake in BigCommerce by 222.0% during the first quarter. Susquehanna Fundamental Investments LLC now owns 124,498 shares of the company’s stock worth $858,000 after acquiring an additional 85,840 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in BigCommerce in the first quarter worth approximately $564,000. Vanguard Group Inc. lifted its holdings in shares of BigCommerce by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 9,705,856 shares of the company’s stock worth $94,438,000 after purchasing an additional 762,437 shares in the last quarter. Cadian Capital Management LP raised its holdings in BigCommerce by 13.6% during the fourth quarter. Cadian Capital Management LP now owns 7,553,280 shares of the company’s stock worth $73,493,000 after buying an additional 904,750 shares during the last quarter. Finally, Circumference Group LLC bought a new position in shares of BigCommerce in the fourth quarter valued at $438,000. Institutional investors and hedge funds own 79.21% of the company’s stock.

Insider Activity

In related news, insider Brent Bellm sold 31,907 shares of BigCommerce stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $8.35, for a total value of $266,423.45. Following the sale, the insider now owns 719,939 shares of the company’s stock, valued at approximately $6,011,490.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Brent Bellm sold 31,907 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $8.35, for a total transaction of $266,423.45. Following the completion of the transaction, the insider now owns 719,939 shares in the company, valued at approximately $6,011,490.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Brian Singh Dhatt sold 5,787 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $8.35, for a total value of $48,321.45. Following the completion of the sale, the chief technology officer now owns 240,841 shares in the company, valued at $2,011,022.35. The disclosure for this sale can be found here. Insiders own 9.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of BigCommerce from $10.00 to $8.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of BigCommerce in a research note on Friday, May 10th. Bank of America reiterated an “underperform” rating and set a $7.50 price target (down previously from $11.00) on shares of BigCommerce in a report on Monday, March 25th. Finally, Barclays raised their price objective on BigCommerce from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $9.63.

BigCommerce Stock Performance

BIGC stock traded down $0.13 during midday trading on Friday, hitting $7.95. The company’s stock had a trading volume of 339,572 shares, compared to its average volume of 570,714. BigCommerce Holdings, Inc. has a 1 year low of $5.62 and a 1 year high of $12.75. The stock’s 50-day moving average price is $7.93 and its 200 day moving average price is $7.61. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 12.63.

BigCommerce (NASDAQ:BIGC) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. BigCommerce had a negative net margin of 15.39% and a negative return on equity of 109.97%. The company had revenue of $80.36 million for the quarter, compared to the consensus estimate of $77.46 million. As a group, research analysts predict that BigCommerce Holdings, Inc. will post -0.29 earnings per share for the current year.

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.