BILL Holdings, Inc. (NYSE:BILL) Short Interest Update

BILL Holdings, Inc. (NYSE:BILLGet Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 7,050,000 shares, a growth of 31.3% from the December 15th total of 5,370,000 shares. Based on an average daily volume of 2,270,000 shares, the days-to-cover ratio is currently 3.1 days.

BILL Price Performance

Shares of NYSE:BILL opened at $88.98 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.23. The business’s fifty day moving average price is $87.92 and its two-hundred day moving average price is $65.30. BILL has a fifty-two week low of $43.11 and a fifty-two week high of $97.86.

Insider Activity

In other news, SVP Germaine Cota sold 1,525 shares of BILL stock in a transaction that occurred on Friday, November 8th. The shares were 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 $417,090.52. This trade represents a 22.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alison Wagonfeld sold 779 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total transaction of $70,110.00. Following the sale, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. This represents a 75.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,823 shares of company stock worth $218,887. 4.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On BILL

A number of hedge funds have recently made changes to their positions in the company. Abdiel Capital Advisors LP grew its stake in BILL by 48.2% during the third quarter. Abdiel Capital Advisors LP now owns 5,121,139 shares of the company’s stock worth $270,191,000 after buying an additional 1,666,316 shares during the last quarter. Dimensional Fund Advisors LP grew its position in BILL by 70.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after acquiring an additional 575,084 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in BILL by 45.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock valued at $47,264,000 after purchasing an additional 279,256 shares in the last quarter. Two Sigma Advisers LP raised its position in BILL by 87.0% in the 3rd quarter. Two Sigma Advisers LP now owns 690,800 shares of the company’s stock valued at $36,447,000 after purchasing an additional 321,400 shares during the last quarter. Finally, Marshall Wace LLP boosted its stake in BILL by 13.9% in the second quarter. Marshall Wace LLP now owns 635,937 shares of the company’s stock worth $33,463,000 after purchasing an additional 77,508 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BILL. Piper Sandler upped their price target on shares of BILL from $60.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Oppenheimer raised their target price on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. KeyCorp upgraded BILL from a “sector weight” rating to an “overweight” rating and set a $115.00 price target for the company in a report on Wednesday, December 18th. Wells Fargo & Company raised their price objective on shares of BILL from $55.00 to $65.00 and gave the stock an “underweight” rating in a research note on Thursday. Finally, Morgan Stanley upgraded shares of BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 target price for the company in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $85.00.

Read Our Latest Analysis on BILL

BILL Company Profile

(Get Free Report)

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.

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