Bigcommerce (NASDAQ:BIGC) Trading Up 1.2% – What’s Next?

Bigcommerce Holdings, Inc. (NASDAQ:BIGC)’s stock price traded up 1.2% on Friday . The stock traded as high as $2.6110 and last traded at $2.51. Approximately 712,399 shares traded hands during mid-day trading, a decline of 11% from the average daily volume of 798,526 shares. The stock had previously closed at $2.48.

Bigcommerce Price Performance

The stock has a market cap of $205.85 million, a price-to-earnings ratio of -11.68 and a beta of 1.15. The business’s 50 day moving average is $2.73 and its 200 day moving average is $2.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Sherbrooke Park Advisers LLC raised its position in shares of Bigcommerce by 22.0% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 15,648 shares of the company’s stock worth $78,000 after acquiring an additional 2,826 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Bigcommerce in the second quarter valued at approximately $25,000. Tower Research Capital LLC TRC increased its stake in Bigcommerce by 460.7% in the second quarter. Tower Research Capital LLC TRC now owns 8,955 shares of the company’s stock valued at $45,000 after purchasing an additional 7,358 shares during the last quarter. Alliancebernstein L.P. increased its stake in Bigcommerce by 9.9% in the third quarter. Alliancebernstein L.P. now owns 101,160 shares of the company’s stock valued at $505,000 after purchasing an additional 9,100 shares during the last quarter. Finally, Diligent Investors LLC acquired a new stake in Bigcommerce during the third quarter worth approximately $52,000. 79.21% of the stock is owned by institutional investors and hedge funds.

Bigcommerce Company Profile

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.