Bigcommerce Holdings, Inc. Stock Price, News & Analysis

BigCommerce Holdings (Nasdaq: BIGC) will announce its Q4 2020 and fiscal year results on February 18, 2021, after market close. The financial results will be discussed during a conference call at 5:00 p.m. ET the same day. Interested parties can join by dialing (833) 519-1347 (US) or (914) 800-3909 (international) with the conference ID 7799601. A live webcast will also be available on the investor relations website. This meeting will provide insights into BigCommerce's performance and future business direction.

BigCommerce (Nasdaq: BIGC) announced a partnership with EPAM Systems, enhancing digital experience for its merchants. This collaboration offers access to EPAM's expertise in creating customer-centric experiences. EPAM, recognized in Fortune’s 100 Fastest-Growing Companies list, employs over 38,000 professionals and focuses on modernizing sales and marketing. BigCommerce recently joined the MACH Alliance to promote open technology ecosystems. This partnership aims to help ecommerce companies scale their digital presence and adapt to retail trends, boosting online revenue opportunities.

BigCommerce, a prominent Open SaaS ecommerce platform, has announced its participation in several upcoming virtual investor conferences. CEO Brent Bellm and CFO Robert Alvarez will present at:

• Raymond James Technology Investors Conference on December 7, 2020, at 9:40 a.m. ET
• Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 11:00 a.m. ET
• Needham Virtual Growth Conference on January 12, 2021, at 1:15 p.m. ET

Live webcasts and replays will be available on the BigCommerce investor relations website.

BigCommerce (Nasdaq: BIGC) reported record-breaking sales during Cyber Week with a 74% year-over-year increase in gross merchandise volume (GMV). The platform achieved 100% performance uptime for the seventh year in a row. Highlights include an 86% YoY GMV increase on Sunday and an 84% increase on Thanksgiving Day. Average order value rose by 17% YoY, reaching $164 on Cyber Monday. The number of orders during Cyber Week increased by 48%, with Sporting Goods, Furniture, and Apparel seeing the largest YoY GMV increases.

BigCommerce Holdings announced the full exercise of the underwriters' option to purchase an additional 750,000 shares of its Series 1 common stock at $68.00 per share. This follows their previously announced follow-on public offering, with no proceeds going to the company from this transaction. The offering's initial closing was on November 17, 2020, and the registration statement was declared effective on November 12, 2020. J.P. Morgan and Barclays acted as lead managers for this offering.

TaxCloud has announced a new integration partnership with BigCommerce, facilitating online retailers' sales tax compliance. The TaxCloud app provides real-time U.S. sales tax calculations and simplifies the management of sales tax obligations during checkout. This integration responds to the increasing need for sales tax collection due to the Supreme Court's ruling in South Dakota v. Wayfair. TaxCloud, a leading sales tax compliance provider, aims to support merchants in navigating the evolving sales tax landscape.

BigCommerce (Nasdaq: BIGC) has launched Open Checkout, an open-source extension of its eCommerce platform's native checkout feature. This initiative empowers merchants to create tailored checkout experiences, addressing the 88% cart abandonment rate reported by Statista in March 2020. Open Checkout's public source code enables brands to customize every aspect of their checkout pages while maintaining speed and security through BigCommerce's SaaS model. Developed in React, this feature supports various use cases, such as branded checkout pages and modernized B2B buying, enhancing user experiences for businesses of all sizes.

BigCommerce announced the pricing of its follow-on public offering of 1,000,000 shares of Series 1 common stock at $68.00 per share. Additionally, selling stockholders, including management and directors, are offering 4,000,000 shares. Underwriters have a 30-day option for another 750,000 shares. The public offering is expected to close on November 17, 2020. BigCommerce will not receive proceeds from the selling stockholders. J.P. Morgan and Barclays are the lead managers for this offering, which follows a successful registration by the SEC.

Yotpo has been named an Elite Partner by BigCommerce (NASDAQ:BIGC), becoming a preferred provider for reviews, visual UGC, and loyalty programs. This partnership, recognized by BigCommerce's 2020 Merchant's Choice Award, highlights Yotpo's consistent growth within the BigCommerce ecosystem over the last 10 quarters. Yotpo's technology is designed for scalability, enabling brands to enhance customer experiences through seamless integrations. The collaboration includes advanced features such as on-brand loyalty programs and comprehensive reviews solutions, aimed at optimizing the eCommerce landscape.