Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BigCommerce Holdings Inc. shares valued at $528,068 were sold by EGGERTON LISA on Jul 18. At $16.44 per share, EGGERTON LISA sold 32,114 shares. The insider’s holdings dropped to 106,228 shares worth approximately $1.95 million following the completion of this transaction.
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Also, Alvarez Robert sold 8,409 shares, netting a total of over 158,206 in proceeds. Following the sale of shares at $18.81 each, the insider now holds 163,721 shares.
Before that, EGGERTON LISA had sold 3,620 shares from its account. In a trade valued at $69,184, the Chief Marketing Officer traded BigCommerce Holdings Inc. shares for $19.11 each. Upon closing the transaction, the insider’s holdings decreased to 3,620 shares, worth approximately $2.15 million.
As published in their initiating research note from Oppenheimer on July 27, 2022, BigCommerce Holdings Inc. [BIGC] has been a Perform. Analysts at Berenberg started covering the stock with ‘”a Hold”‘ outlook in a report released in mid March. As of March 01, 2022, Truist has reiterated its “Buy” rating for BIGC. Earlier on March 01, 2022, Stifel resumed its rating. Their recommendation was “a Buy” for BIGC stock.
Analyzing BIGC’s Price Performance
On Thursday, BigCommerce Holdings Inc. [NASDAQ: BIGC] rose 0.77% to $18.35. The stock’s lowest price that day was $17.89, but it reached a high of $18.78 in the same session. During the last five days, there has been a surge of approximately 18.31%. Over the course of the year, BigCommerce Holdings Inc. shares have dropped approximately -48.12%. Shares of the company reached a 52-week high of $37.75 on 01/03/22 and a 52-week low of $12.71 on 05/12/22. A 50-day SMA is recorded $17.32, while a 200-day SMA reached $28.01. Nevertheless, trading volume fell to 1.1 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for BigCommerce Holdings Inc. (BIGC)
According to the 24-hour chart, there is a support level at 17.90, which, if violated, would cause prices to drop to 17.45. In the upper region, resistance lies at 18.79. The next price resistance is at 19.23. RSI (Relative Strength Index) is 56.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 9.89%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is BigCommerce Holdings Inc. subject to short interest?
Stocks of BigCommerce Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.95 million shares to 5.56 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.51 million shares. A decline of -17.09% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.35 of the overall float, the days-to-cover ratio (short ratio) decline to 5.35.
Which companies own the most shares of BigCommerce Holdings Inc. (BIGC)?
According to Darsana Capital Partners LP filings, the company currently owns 7,000,000 shares, which is about 9.63% of the total BIGC shares outstanding. The investor’s shares have appreciated by 4,000,000 from its previous 13-F filing of 3000000.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $83,591,498. Echo Street Capital Management LL acquire a 14.91% interest valued at $51.31 million while BlackRock Fund Advisors purchased a 59,604 stake. A total of 1,215,715 shares of BigCommerce Holdings Inc. were bought by AllianceBernstein LP during the quarter, and -3,027,041 were sold by Artisan Partners LP. In its current portfolio, Franklin Advisers, Inc. holds 1,652,498 shares valued at $26.77 million.
In terms of BigCommerce Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $28.08 in the next 12 months, up nearly 40.03% from the previous closing price of $18.21. Analysts anticipate BigCommerce Holdings Inc. stock to reach $50.00 by 2022, with the lowest price target being $19.00. In spite of this, 15 analysts ranked BigCommerce Holdings Inc. stock as an Overweight at the end of 2022. On March 01, 2022, Piper Sandler assigned a price target of “an Overweight” to the stock and reiterated coverage with a $40.