BigCommerce Holdings, Inc. (NASDAQ:BIGC) is GGV Capital LLC’s 8th Largest Position

GGV Capital LLC lowered its stake in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 65.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 149,721 shares of the company’s stock after selling 287,816 shares during the period. BigCommerce accounts for 0.8% of GGV Capital LLC’s portfolio, making the stock its 8th largest position. GGV Capital LLC’s holdings in BigCommerce were worth $876,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in BigCommerce by 5.9% in the 1st quarter. Vanguard Group Inc. now owns 10,278,252 shares of the company’s stock worth $70,817,000 after purchasing an additional 572,396 shares during the period. Divisar Capital Management LLC purchased a new position in BigCommerce in the 2nd quarter worth approximately $4,274,000. Clearline Capital LP lifted its position in BigCommerce by 27.3% in the second quarter. Clearline Capital LP now owns 949,931 shares of the company’s stock valued at $7,656,000 after purchasing an additional 203,785 shares during the last quarter. Algert Global LLC lifted its position in BigCommerce by 89.4% in the second quarter. Algert Global LLC now owns 267,850 shares of the company’s stock valued at $2,159,000 after purchasing an additional 126,443 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of BigCommerce during the first quarter valued at approximately $104,000. 79.21% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BIGC has been the subject of a number of recent analyst reports. Bank of America lowered their price target on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating for the company in a report on Thursday, August 29th. Stifel Nicolaus lowered their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Barclays cut their target price on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of BigCommerce in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.81.

BigCommerce Price Performance

BIGC stock opened at $5.97 on Tuesday. The firm has a 50-day moving average of $5.77 and a 200 day moving average of $6.73. The company has a debt-to-equity ratio of 7.48, a current ratio of 2.81 and a quick ratio of 2.81. The company has a market cap of $467.93 million, a P/E ratio of -16.58 and a beta of 0.99. BigCommerce Holdings, Inc. has a 1 year low of $5.13 and a 1 year high of $10.19.

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.