Key Points
- Commerce.com CFO Daniel Lentz sold 6,840 shares on May 26 at an average price of $2.91, totaling about $19,904.
- After the transaction, Lentz still held 480,145 shares, and the sale reduced his ownership by about 1.4%.
- Commerce.com shares were up 4.8% on Friday, while analysts currently show a mixed outlook with a consensus Hold rating and a $4.70 average price target.
Commerce.com, Inc. (NASDAQ:CMRC - Get Free Report) CFO Daniel Lentz sold 6,840 shares of Commerce.com stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $2.91, for a total value of $19,904.40. Following the sale, the chief financial officer directly owned 480,145 shares of the company's stock, valued at approximately $1,397,221.95. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Commerce.com Trading Up 4.8%
Shares of NASDAQ CMRC opened at $3.08 on Friday. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 3.26. The business has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $3.43. The firm has a market cap of $254.13 million, a PE ratio of -17.11 and a beta of 1.14. Commerce.com, Inc. has a twelve month low of $2.41 and a twelve month high of $5.55.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. M&T Bank Corp purchased a new stake in shares of Commerce.com during the fourth quarter worth about $5,679,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Commerce.com during the fourth quarter worth about $762,000. Pallas Capital Advisors LLC purchased a new stake in shares of Commerce.com during the fourth quarter worth about $50,000. S Squared Technology LLC purchased a new stake in shares of Commerce.com during the fourth quarter worth about $4,976,000. Finally, T3 Companies LLC purchased a new stake in shares of Commerce.com during the fourth quarter worth about $41,000. 79.21% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on CMRC shares. UBS Group set a $3.00 target price on Commerce.com in a research report on Friday, February 13th. Canaccord Genuity Group decreased their target price on Commerce.com from $11.00 to $6.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Wall Street Zen raised Commerce.com from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Weiss Ratings reissued a "sell (e+)" rating on shares of Commerce.com in a research report on Monday, April 20th. Finally, Zacks Research raised Commerce.com from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Commerce.com presently has a consensus rating of "Hold" and a consensus price target of $4.70.
Get Our Latest Analysis on CMRC
About Commerce.com
(
Get Free Report)
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.
Further Reading
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