Insider Selling: Bill.com Holdings, Inc. (NYSE:BILL) General Counsel Sells $518,280.00 in Stock

Bill.com Holdings, Inc. (NYSE:BILL) General Counsel Rajesh A. Aji sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $86.38, for a total transaction of $518,280.00. Following the completion of the sale, the general counsel now owns 46,767 shares of the company’s stock, valued at approximately $4,039,733.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

NYSE:BILL opened at $82.32 on Friday. Bill.com Holdings, Inc. has a one year low of $23.61 and a one year high of $97.84. The firm has a 50-day simple moving average of $82.52 and a 200-day simple moving average of $59.63.

Bill.com (NYSE:BILL) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, beating the 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 business had revenue of $41.23 million during the quarter, compared to analyst estimates of $37.02 million. The company’s quarterly revenue was up 46.0% on a year-over-year basis. Research analysts forecast that Bill.com Holdings, Inc. will post -0.51 earnings per share for the current year.

A number of brokerages recently weighed in on BILL. Goldman Sachs Group lifted their price objective on shares of Bill.com from $60.00 to $90.00 in a report on Monday, June 29th. Wells Fargo & Co began coverage on shares of Bill.com in a report on Wednesday, April 22nd. They set an “equal weight” rating and a $48.00 price objective for the company. KeyCorp lifted their price objective on shares of Bill.com from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Bank of America reiterated a “buy” rating and set a $85.00 price objective on shares of Bill.com in a report on Friday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Bill.com in a report on Wednesday, May 20th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.00.

Several institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its position in shares of Bill.com by 4.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,065 shares of the company’s stock worth $276,000 after buying an additional 135 shares during the last quarter. Legal & General Group Plc grew 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 buying an additional 423 shares during the last quarter. Raymond James & Associates grew its position in shares of Bill.com by 9.5% in the 1st quarter. Raymond James & Associates now owns 9,027 shares of the company’s stock worth $309,000 after buying an additional 781 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in shares of Bill.com in the 1st quarter worth approximately $29,000. Finally, Valeo Financial Advisors LLC grew its position 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 buying an additional 1,000 shares during the last quarter. 54.97% of the stock is currently 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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