BigCommerce Holdings, Inc. (NASDAQ:BIGC) Shares Sold by Penserra Capital Management LLC

Penserra Capital Management LLC reduced its position in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,479 shares of the company’s stock after selling 133,023 shares during the quarter. Penserra Capital Management LLC’s holdings in BigCommerce were worth $3,372,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Algert Global LLC increased its stake in BigCommerce by 67.7% during the 3rd quarter. Algert Global LLC now owns 449,072 shares of the company’s stock worth $2,627,000 after buying an additional 181,222 shares during the period. Intech Investment Management LLC acquired a new stake in shares of BigCommerce in the third quarter valued at $112,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of BigCommerce by 196.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 387,745 shares of the company’s stock valued at $2,268,000 after acquiring an additional 256,783 shares in the last quarter. Aigen Investment Management LP acquired a new position in BigCommerce during the 3rd quarter worth $105,000. Finally, Harbor Capital Advisors Inc. increased its holdings in BigCommerce by 93.4% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 17,179 shares of the company’s stock worth $100,000 after purchasing an additional 8,297 shares during the period. 79.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on BigCommerce from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of BigCommerce in a research note on Thursday, October 3rd. Bank of America dropped their price objective on shares of BigCommerce from $8.00 to $6.00 and set an “underperform” rating on the stock in a research report on Thursday, August 29th. Finally, Stifel Nicolaus decreased their price objective on shares of BigCommerce from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $8.81.

BigCommerce Stock Up 5.3 %

BIGC opened at $7.19 on Tuesday. The stock has a market capitalization of $563.55 million, a P/E ratio of -19.97 and a beta of 0.99. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. BigCommerce Holdings, Inc. has a one year low of $5.13 and a one year high of $10.19. The business’s 50-day simple moving average is $5.86 and its 200-day simple moving average is $6.73.

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.