BILL Holdings, Inc. (NYSE:BILL) Director Sells $70,110.00 in Stock

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the sale, the director now owns 259 shares of the company’s stock, valued at approximately $23,310. This trade represents a 75.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alison Wagonfeld also recently made the following trade(s):

• On Monday, October 21st, Alison Wagonfeld sold 519 shares of BILL stock. The shares were sold at an average price of $57.50, for a total value of $29,842.50.

BILL Trading Down 3.7 %

Shares of BILL traded down $3.29 during trading hours on Thursday, reaching $86.38. 1,882,216 shares of the company traded hands, compared to its average volume of 1,929,803. BILL Holdings, Inc. has a 12 month low of $43.11 and a 12 month high of $91.19. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of -265.30 and a beta of 1.59. The company’s fifty day moving average price is $57.51 and its two-hundred day moving average price is $54.14. The company has a quick ratio of 1.55, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL (NYSE:BILL) last announced its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a net margin of 0.59% and a return on equity of 1.54%. The business had revenue of $343.67 million during the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities research analysts predict that BILL Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

Several hedge funds and other institutional investors have recently bought and sold shares of BILL. Vanguard Group Inc. grew its stake in shares of BILL by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,976,318 shares of the company’s stock valued at $685,573,000 after acquiring an additional 94,786 shares during the period. Aigen Investment Management LP grew its stake in BILL by 612.3% during the third quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after acquiring an additional 47,761 shares in the last quarter. WoodTrust Financial Corp purchased a new stake in shares of BILL during the 3rd quarter worth approximately $422,000. WCM Investment Management LLC grew its stake in shares of BILL by 26.4% in the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock worth $15,647,000 after buying an additional 61,471 shares in the last quarter. Finally, Algert Global LLC increased its stake in BILL by 602.3% during the second quarter. Algert Global LLC now owns 61,518 shares of the company’s stock worth $3,237,000 after acquiring an additional 52,758 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BILL shares. Oppenheimer increased their price target on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Piper Sandler upped their price target on BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their target price on BILL from $60.00 to $77.00 and gave the stock a “neutral” rating in a research report on Tuesday. Canaccord Genuity Group reissued a “buy” rating and issued a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BILL from $60.00 to $55.00 and set a “market perform” rating on the stock in a report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, BILL currently has an average rating of “Hold” and an average price target of $74.65.

About BILL

BILL Holdings, Inc provides financial automation software 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.