In a report released today, David Hynes from Canaccord Genuity maintained a Hold rating on BigCommerce Holdings (BIGC), with a price target of $90.00. The company’s shares closed last Thursday at $85.34.
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 33.0% and a 75.8% success rate. Hynes covers the Technology sector, focusing on stocks such as ZoomInfo Technologies, Slack Technologies, and Bill.com Holdings.
BigCommerce Holdings has an analyst consensus of Hold, with a price target consensus of $98.71, implying a 14.8% upside from current levels. In a report issued on October 22, Wedbush also initiated coverage with a Hold rating on the stock with a $90.00 price target.
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Based on the recent corporate insider activity of 9 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.
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.
