Daniel Lentz Sells 6,840 Shares of Commerce.com (NASDAQ:CMRC) Stock

Commerce.com, Inc. (NASDAQ:CMRC) CFO Daniel Lentz sold 6,840 shares of Commerce.com stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $2.91, for a total value of $19,904.40. Following the transaction, the chief financial officer owned 480,145 shares of the company’s stock, valued at $1,397,221.95. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Commerce.com Stock Performance

NASDAQ CMRC opened at $3.13 on Friday. The stock has a 50-day simple moving average of $2.83 and a two-hundred day simple moving average of $3.42. The firm has a market capitalization of $258.26 million, a P/E ratio of -17.39 and a beta of 1.14. Commerce.com, Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $5.55. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.98 and a current ratio of 1.98.

Institutional Investors Weigh In On Commerce.com

Institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new stake in Commerce.com in the 1st quarter worth about $926,000. Royal Bank of Canada boosted its holdings in Commerce.com by 17.0% in the 1st quarter. Royal Bank of Canada now owns 111,484 shares of the company’s stock worth $298,000 after buying an additional 16,213 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Commerce.com by 5.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,252,100 shares of the company’s stock worth $3,343,000 after buying an additional 63,400 shares during the last quarter. Pale Fire Capital SE boosted its holdings in Commerce.com by 294.2% in the 1st quarter. Pale Fire Capital SE now owns 2,952,094 shares of the company’s stock worth $7,882,000 after buying an additional 2,203,169 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in Commerce.com by 418.1% in the 1st quarter. Sei Investments Co. now owns 53,469 shares of the company’s stock worth $143,000 after buying an additional 43,148 shares during the last quarter. 79.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CMRC has been the topic of a number of analyst reports. Needham & Company LLC restated a “buy” rating and set a $7.50 target price on shares of Commerce.com in a research report on Thursday, April 30th. Wall Street Zen upgraded Commerce.com from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Barclays raised their target price on Commerce.com from $2.00 to $3.00 and gave the company an “underweight” rating in a research report on Monday, May 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Commerce.com in a research report on Monday, April 20th. Finally, Zacks Research upgraded 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 assigned a Buy rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.70.

Commerce.com Company Profile

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.