Penserra Capital Management LLC decreased its stake in Bigcommerce Holdings, Inc. (NASDAQ:BIGC – Free Report) by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 665,112 shares of the company’s stock after selling 69,538 shares during the quarter. Penserra Capital Management LLC’s holdings in Bigcommerce were worth $3,325,000 as of its most recent SEC filing.
Separately, Savant Capital LLC grew its holdings in shares of Bigcommerce by 66.2% during the 2nd quarter. Savant Capital LLC now owns 16,717 shares of the company’s stock worth $84,000 after purchasing an additional 6,661 shares during the period. 79.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. Wall Street Zen cut Bigcommerce from a “buy” rating to a “hold” rating in a research report on Sunday, August 3rd. Canaccord Genuity Group restated a “buy” rating and set a $11.00 target price on shares of Bigcommerce in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Bigcommerce currently has a consensus rating of “Buy” and an average price target of $11.00.
Bigcommerce Price Performance
NASDAQ:BIGC opened at $4.62 on Monday. The firm has a market cap of $370.05 million, a price-to-earnings ratio of -21.00 and a beta of 1.15. The business’s fifty day moving average price is $4.77.
Bigcommerce Company Profile
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.
Further Reading
- Five stocks we like better than Bigcommerce
- What Are Dividend Champions? How to Invest in the Champions
- 3 Big Earnings Misses: Is It Time to Buy the Dip?
- How to Find Undervalued Stocks
- Is Robinhood’s 11% Post-Earnings Fall a Buy-the-Dip Opportunity?
- 10 Best Airline Stocks to Buy
- AI Demand Is Coming—Is Microchip Technology Ready?
Want to see what other hedge funds are holding BIGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bigcommerce Holdings, Inc. (NASDAQ:BIGC – Free Report).
Receive News & Ratings for Bigcommerce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bigcommerce and related companies with MarketBeat.com's FREE daily email newsletter.
