BILL Holdings, Inc. (NYSE:BILL – Get Rating)’s stock price gapped down prior to trading on Monday following insider selling activity. The stock had previously closed at $115.26, but opened at $111.75. BILL shares last traded at $116.00, with a volume of 734,009 shares. Specifically, CFO John R. Rettig sold 6,008 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $95.00, for a total value of $570,760.00. Following the sale, the chief financial officer now directly owns 28,866 shares in the company, valued at $2,742,270. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO John R. Rettig sold 6,008 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $95.00, for a total value of $570,760.00. Following the completion of the sale, the chief financial officer now directly owns 28,866 shares in the company, valued at approximately $2,742,270. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian Jacobs sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $98.70, for a total value of $197,400.00. Following the transaction, the director now directly owns 2,826 shares in the company, valued at $278,926.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,531 shares of company stock valued at $3,543,480. 5.00% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
BILL has been the subject of several recent analyst reports. Susquehanna reduced their target price on BILL from $120.00 to $115.00 in a report on Wednesday, April 26th. Bank of America cut their price target on shares of BILL from $130.00 to $110.00 in a report on Thursday, April 27th. Wolfe Research boosted their target price on shares of BILL from $100.00 to $110.00 in a research note on Friday, May 5th. KeyCorp dropped their price objective on BILL from $100.00 to $95.00 in a research note on Friday, April 28th. Finally, UBS Group boosted their target price on BILL from $95.00 to $104.00 in a research note on Friday, May 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.
BILL Price Performance
The stock has a market capitalization of $12.22 billion, a PE ratio of -40.75 and a beta of 1.94. The firm’s 50 day simple moving average is $89.52 and its 200 day simple moving average is $95.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.92 and a quick ratio of 1.92.
BILL (NYSE:BILL – Get Rating) last announced its quarterly earnings data on Thursday, May 4th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.34. BILL had a negative return on equity of 4.84% and a negative net margin of 30.41%. The firm had revenue of $272.56 million for the quarter, compared to analysts’ expectations of $246.67 million. As a group, equities analysts forecast that BILL Holdings, Inc. will post -1.37 EPS for the current fiscal year.
Institutional Trading of BILL
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BILL. Brown Brothers Harriman & Co. purchased a new stake in BILL in the first quarter worth about $38,000. CI Investments Inc. lifted its position in BILL by 121.4% during the fourth quarter. CI Investments Inc. now owns 279 shares of the company’s stock valued at $30,000 after buying an additional 153 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of BILL in the 4th quarter worth about $41,000. Arcadia Investment Management Corp MI purchased a new position in BILL during the 1st quarter valued at about $32,000. Finally, Quarry LP boosted its stake in BILL by 173.4% during the first quarter. Quarry LP now owns 391 shares of the company’s stock worth $32,000 after acquiring an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.
BILL Company Profile
Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.