Tudor Investment Corp ET AL Sells 117,178 Shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC)

Market Beat
2025.05.11 08:32
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Tudor Investment Corp ET AL reduced its stake in BigCommerce Holdings, Inc. (NASDAQ:BIGC) by 63.4%, selling 117,178 shares in the fourth quarter, leaving it with 67,735 shares valued at $415,000. Other institutional investors also adjusted their holdings. Analysts have mixed ratings on BIGC, with an average target price of $7.40. The stock opened at $5.24, with a market cap of $411.86 million. BigCommerce reported earnings of $0.07 per share, slightly above estimates, with revenue of $82.37 million for the quarter.

Tudor Investment Corp ET AL trimmed its holdings in shares of BigCommerce Holdings, Inc. (NASDAQ:BIGC - Free Report) by 63.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,735 shares of the company's stock after selling 117,178 shares during the quarter. Tudor Investment Corp ET AL owned about 0.09% of BigCommerce worth $415,000 as of its most recent filing with the SEC.

  • BigCommerce NASDAQ: BIGC Stock Providing Big Opportunities After Earnings Plunge

Other hedge funds and other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of BigCommerce by 1.8% during the third quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company's stock worth $10,859,000 after purchasing an additional 35,016 shares during the period. Bank of New York Mellon Corp increased its stake in BigCommerce by 3.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,263,093 shares of the company's stock worth $7,730,000 after acquiring an additional 42,920 shares during the period. Renaissance Technologies LLC increased its stake in BigCommerce by 6.7% during the 4th quarter. Renaissance Technologies LLC now owns 880,005 shares of the company's stock worth $5,386,000 after acquiring an additional 55,353 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BigCommerce by 79.5% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 696,129 shares of the company's stock valued at $4,260,000 after acquiring an additional 308,384 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of BigCommerce by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 561,022 shares of the company's stock valued at $3,433,000 after acquiring an additional 9,419 shares during the period. Institutional investors and hedge funds own 79.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on BIGC. Needham & Company LLC reaffirmed a "buy" rating and issued a $10.00 price target on shares of BigCommerce in a research note on Wednesday, March 12th. Morgan Stanley dropped their target price on shares of BigCommerce from $8.00 to $7.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays decreased their price objective on shares of BigCommerce from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Monday, April 21st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.40.

  • BigCommerce NASDAQ: BIGC Stock Breaking Out: The Next Big Thing in E-commerce?

Get Our Latest Report on BIGC

Insider Activity

In other BigCommerce news, Director Ellen F. Siminoff bought 177,158 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $6.64 per share, for a total transaction of $1,176,329.12. Following the transaction, the director now directly owns 253,333 shares in the company, valued at approximately $1,682,131.12. This represents a 232.57 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.99% of the company's stock.

BigCommerce Stock Up 0.8 %

BIGC stock opened at $5.24 on Friday. The stock has a market capitalization of $411.86 million, a P/E ratio of -14.97 and a beta of 1.18. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 7.48. The firm has a 50-day moving average price of $5.59 and a 200-day moving average price of $6.16. BigCommerce Holdings, Inc. has a 12 month low of $4.85 and a 12 month high of $8.60.

BigCommerce (NASDAQ:BIGC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. BigCommerce had a negative net margin of 8.12% and a negative return on equity of 52.65%. The firm had revenue of $82.37 million for the quarter, compared to analyst estimates of $82.48 million. During the same quarter last year, the business posted $0.07 earnings per share. The company's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that BigCommerce Holdings, Inc. will post -0.16 EPS for the current fiscal year.

BigCommerce Company Profile

(Free Report)

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.

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