Bigcommerce (NASDAQ:BIGC) Shares Down 2.5% – Time to Sell?

by · The Cerbat Gem

Bigcommerce Holdings, Inc. (NASDAQ:BIGC – Get Free Report) shares fell 2.5% during mid-day trading on Thursday . The company traded as low as $3.0750 and last traded at $3.10. 735,450 shares changed hands during mid-day trading, The stock had previously closed at $3.18.

Bigcommerce Stock Performance

The firm’s fifty day simple moving average is $4.13. The firm has a market cap of $249.91 million, a PE ratio of -14.18 and a beta of 1.15.

Hedge Funds Weigh In On Bigcommerce

A number of institutional investors and hedge funds have recently made changes to their positions in BIGC. Raymond James Financial Inc. purchased a new stake in shares of Bigcommerce in the 2nd quarter worth approximately $25,000. Tower Research Capital LLC TRC boosted its holdings in Bigcommerce by 460.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,955 shares of the company’s stock worth $45,000 after acquiring an additional 7,358 shares in the last quarter. Brookwood Investment Group LLC purchased a new stake in shares of Bigcommerce in the third quarter worth $50,000. Diligent Investors LLC purchased a new stake in shares of Bigcommerce in the third quarter worth $52,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Bigcommerce during the third quarter valued at $55,000. Institutional investors own 79.21% of the company’s stock.

Bigcommerce Company Profile

(Get Free Report)

BigCommerce Holdings, Inc (NASDAQ: BIGC) is a software-as-a-service (SaaS) company that provides a cloud-based e-commerce platform designed to help merchants create, manage and scale online stores. Its platform offers a suite of tools including storefront design and customization, shopping cart functionality, payment gateway integrations, order management, shipping and tax solutions, and security features. The open architecture of its API-driven platform enables businesses to connect with a wide range of third-party applications, marketplaces and digital channels.

The company was founded in 2009 by Eddie Machaalani and Mitchell Harper and is headquartered in Austin, Texas, with additional offices in San Francisco and Sydney.

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