Bill.com Holdings, Inc. (NYSE:BILL) General Counsel Sells $1,226,540.00 in Stock

Bill.com Holdings, Inc. (NYSE:BILL) General Counsel Rajesh A. Aji sold 14,000 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $87.61, for a total transaction of $1,226,540.00. Following the completion of the transaction, the general counsel now directly owns 40,978 shares in the company, valued at approximately $3,590,082.58. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

NYSE:BILL opened at $89.60 on Friday. The stock has a 50-day moving average of $77.80. Bill.com Holdings, Inc. has a 12 month low of $23.61 and a 12 month high of $97.84.

Bill.com (NYSE:BILL) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.06. Bill.com had a negative net margin of 17.73% and a negative return on equity of 17.32%. The firm had revenue of $41.23 million during the quarter, compared to analysts’ expectations of $37.02 million. The firm’s quarterly revenue was up 46.0% on a year-over-year basis. As a group, research analysts predict that Bill.com Holdings, Inc. will post -0.51 earnings per share for the current year.

BILL has been the subject of a number of research reports. Piper Sandler raised shares of Bill.com from a “neutral” rating to an “overweight” rating and set a $85.00 price objective for the company in a research note on Thursday, May 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Bill.com in a research note on Wednesday, May 20th. Goldman Sachs Group upped their price objective on shares of Bill.com from $60.00 to $90.00 in a research note on Monday, June 29th. Wells Fargo & Co initiated coverage on shares of Bill.com in a research note on Wednesday, April 22nd. They issued an “equal weight” rating and a $48.00 price objective for the company. Finally, KeyCorp upped their price objective on shares of Bill.com from $76.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $74.50.

Several large investors have recently bought and sold shares of BILL. Asset Management One Co. Ltd. purchased a new stake in shares of Bill.com in the 1st quarter worth about $29,000. Legal & General Group Plc lifted its position in shares of Bill.com by 84.6% in the 1st quarter. Legal & General Group Plc now owns 923 shares of the company’s stock worth $32,000 after purchasing an additional 423 shares during the period. UBS Group AG bought a new position in shares of Bill.com in the 4th quarter worth about $39,000. Victory Capital Management Inc. bought a new position in shares of Bill.com in the 4th quarter worth about $42,000. Finally, Valeo Financial Advisors LLC increased its stake in shares of Bill.com by 100.0% in the 1st quarter. Valeo Financial Advisors LLC now owns 2,000 shares of the company’s stock worth $86,000 after acquiring an additional 1,000 shares in the last quarter. 60.09% of the stock is owned by hedge funds and other institutional investors.

About Bill.com

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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Insider Buying and Selling by Quarter for Bill.com (NYSE:BILL)

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