BigCommerce Holdings (BIGC) Receives a Hold from Barclays

Barclays analyst Raimo Lenschow maintained a Hold rating on BigCommerce Holdings (BIGCResearch Report) on August 5 and set a price target of $20.00. The company’s shares closed last Friday at $18.82.

According to TipRanks, Lenschow is a 5-star analyst with an average return of 11.1% and a 53.19% success rate. Lenschow covers the Technology sector, focusing on stocks such as Microsoft, Oracle, and Salesforce.

In addition to Barclays, BigCommerce Holdings also received a Hold from Oppenheimer’s Kenneth Wong in a report issued on August 5. However, on the same day, Needham maintained a Buy rating on BigCommerce Holdings (NASDAQ: BIGC).

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Based on BigCommerce Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $66.05 million and a GAAP net loss of $37.04 million. In comparison, last year the company earned revenue of $46.66 million and had a GAAP net loss of $8.54 million

Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BIGC in relation to earlier this year. Most recently, in June 2022 Alvarez Robert, the CFO of BIGC bought 34,743.00 shares for a total of $13,549.77.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BigCommerce Holdings Inc is a new era of ecommerce. Its software-as-a-service (SaaS) platform simplifies the creation of beautiful, engaging online stores by delivering a combination of ease-of-use, enterprise functionality, and flexibility. The company powers both its customers’ branded ecommerce stores and their cross-channel connections to popular online marketplaces, social networks, and offline point-of-sale systems.

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