BigCommerce Holdings, Inc. (NASDAQ:BIGC) Short Interest Update

BigCommerce Holdings, Inc. (NASDAQ:BIGC) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 6,520,000 shares, a drop of 12.8% from the November 30th total of 7,480,000 shares. Based on an average trading volume of 995,100 shares, the short-interest ratio is presently 6.6 days. Approximately 10.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BIGC. Franklin Resources Inc. lifted its position in BigCommerce by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 1,932,149 shares of the company’s stock valued at $10,859,000 after acquiring an additional 35,016 shares in the last quarter. Clearline Capital LP raised its stake in shares of BigCommerce by 69.7% in the third quarter. Clearline Capital LP now owns 1,611,619 shares of the company’s stock worth $9,428,000 after purchasing an additional 661,688 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of BigCommerce by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,600,219 shares of the company’s stock valued at $9,363,000 after purchasing an additional 21,105 shares in the last quarter. State Street Corp boosted its position in shares of BigCommerce by 1.1% during the third quarter. State Street Corp now owns 1,522,002 shares of the company’s stock valued at $8,904,000 after buying an additional 16,561 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in BigCommerce by 8.0% during the second quarter. Clearbridge Investments LLC now owns 1,433,163 shares of the company’s stock worth $11,551,000 after buying an additional 106,080 shares in the last quarter. Institutional investors and hedge funds own 79.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of BigCommerce in a research note on Monday, December 9th. Barclays increased their price target on BigCommerce from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $8.44.

BigCommerce Stock Down 2.5 %

Shares of NASDAQ BIGC traded down $0.16 during midday trading on Friday, hitting $6.13. 858,893 shares of the stock traded hands, compared to its average volume of 819,370. BigCommerce has a one year low of $5.13 and a one year high of $10.19. The business has a 50 day moving average price of $6.44 and a two-hundred day moving average price of $6.55. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.81 and a current ratio of 2.81. The company has a market cap of $480.47 million, a PE ratio of -17.03 and a beta of 1.15.

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.