BigCommerce HoldingsBIGC
Market Cap: $484M
About: BigCommerce Holdings Inc is engaged in offering Software-as-a-service (SaaS) e-commerce platform. The company's SaaS platform engages in the creation of online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. It powers both the customers' branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems. The group operates in a single segment covering geographical areas of Americas-U.S.; Americas-other; EMEA; and APAC, of which majority of revenue is generated from Americas-U.S.
Employees: 1,321
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
53% more repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 38
33% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 4 (+1) [Q2]
8% more capital invested
Capital invested by funds: $468M [Q1] → $504M (+$35.7M) [Q2]
7.8% less ownership
Funds ownership: 88.7% [Q1] → 80.9% (-7.8%) [Q2]
8% less funds holding
Funds holding: 165 [Q1] → 152 (-13) [Q2]
30% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 44
77% less call options, than puts
Call options by funds: $749K | Put options by funds: $3.26M
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
B of A Securities Koji Ikeda 76% 1-year accuracy 13 / 17 met price target | 4%downside $6 | Underperform Maintained | 29 Aug 2024 |
Needham Scott Berg 37% 1-year accuracy 48 / 130 met price target | 125%upside $14 | Buy Reiterated | 28 Aug 2024 |
Barclays Ramsey El-Assal 68% 1-year accuracy 25 / 37 met price target | 12%upside $7 | Equal-Weight Maintained | 5 Aug 2024 |
Needham Scott Berg 37% 1-year accuracy 48 / 130 met price target | 125%upside $14 | Buy Reiterated | 2 Aug 2024 |
Financial journalist opinion
Based on 5 articles about BIGC published over the past 30 days