Insider Selling: BILL Holdings, Inc. (NYSE:BILL) SVP Sells 1,525 Shares of Stock

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 1,525 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now owns 5,348 shares of the company’s stock, valued at approximately $417,090.52. The trade was a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Germaine Cota also recently made the following trade(s):

• On Friday, August 30th, Germaine Cota sold 803 shares of BILL stock. The shares were sold at an average price of $54.75, for a total transaction of $43,964.25.

BILL Stock Down 3.7 %

Shares of NYSE:BILL opened at $86.38 on Friday. The business has a fifty day simple moving average of $57.51 and a 200 day simple moving average of $54.14. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $91.19. The firm has a market cap of $8.94 billion, a P/E ratio of -261.76 and a beta of 1.59. 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 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The business had revenue of $343.67 million for the quarter, compared to analysts’ expectations of $328.27 million. During the same period in the prior year, the business posted $0.10 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Analysts predict that BILL Holdings, Inc. will post -0.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BILL has been the topic of several analyst reports. Mizuho cut their price target on shares of BILL from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 28th. Oppenheimer raised their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Keefe, Bruyette & Woods cut their price objective on BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Robert W. Baird boosted their target price on shares of BILL from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, August 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.65.

Institutional Trading of BILL

A number of institutional investors have recently bought and sold shares of the company. Brooklyn Investment Group acquired a new stake in shares of BILL in the 3rd quarter valued at about $28,000. Advisors Asset Management Inc. raised its stake in shares of BILL by 75.0% in the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock worth $45,000 after purchasing an additional 282 shares during the last quarter. Versant Capital Management Inc bought a new position in shares of BILL in the second quarter valued at approximately $46,000. Venturi Wealth Management LLC boosted its position in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock valued at $68,000 after buying an additional 1,020 shares during the last quarter. Finally, UniSuper Management Pty Ltd raised its position in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock valued at $96,000 after buying an additional 700 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

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.