Key Points
- Ellen Siminoff bought 100,000 shares of Commerce.com on Feb. 17 at $2.94 each for $294,000, increasing her direct ownership to 353,333 shares (a 39.47% rise) as disclosed in an SEC filing.
- Shares recently traded around $3.17 (12‑month range $2.41–$7.38) with a market cap of about $257.6M and ~79.2% institutional ownership; analysts' consensus rating is Reduce with an average target price of $5.58.
Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) insider Ellen Siminoff acquired 100,000 shares of the firm's stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $2.94 per share, for a total transaction of $294,000.00. Following the purchase, the insider directly owned 353,333 shares of the company's stock, valued at approximately $1,038,799.02. This trade represents a 39.47% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Commerce.com Stock Performance
Shares of CMRC stock traded up $0.23 during trading hours on Friday, reaching $3.17. 1,108,338 shares of the company traded hands, compared to its average volume of 1,270,008. The firm has a 50-day moving average price of $3.64 and a 200 day moving average price of $4.33. The company has a market cap of $257.59 million, a P/E ratio of -13.78 and a beta of 1.15. The company has a debt-to-equity ratio of 3.67, a current ratio of 2.14 and a quick ratio of 2.14. Commerce.com, Inc. has a 12-month low of $2.41 and a 12-month high of $7.38.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Invesco Ltd. bought a new stake in shares of Commerce.com in the fourth quarter worth about $631,000. Corient Private Wealth LLC bought a new stake in Commerce.com in the 4th quarter worth approximately $321,000. State of Tennessee Department of Treasury purchased a new stake in shares of Commerce.com during the 4th quarter worth approximately $140,000. NewEdge Advisors LLC bought a new position in shares of Commerce.com during the 4th quarter valued at approximately $51,000. Finally, Potrero Capital Research LLC purchased a new position in shares of Commerce.com in the fourth quarter valued at $5,831,000. Hedge funds and other institutional investors own 79.21% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on CMRC shares. Barclays reduced their price objective on shares of Commerce.com from $3.00 to $2.00 and set an "underweight" rating for the company in a research note on Tuesday. UBS Group set a $3.00 price target on Commerce.com in a research note on Friday, February 13th. Zacks Research cut Commerce.com from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 22nd. Canaccord Genuity Group lowered their price objective on Commerce.com from $11.00 to $6.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded Commerce.com from a "buy" rating to a "strong-buy" rating in a research report on Saturday, February 14th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus target price of $5.58.
Get Our Latest Research Report on CMRC
About Commerce.com
(
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BigCommerce Holdings, Inc operates a software-as-a-service platform for small businesses, mid-markets, and large enterprises in the United States, Europe, the Middle East, Africa, the Asia-Pacific, and internationally. The company's platform provides various services for launching and scaling e-commerce operation, including store design, catalog management, hosting, checkout, order management, reporting, and pre-integrations. As of December 31, 2021, it served approximately 60,000 online stores across industries.
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