Insider Selling: Bill.com Holdings, Inc. (NYSE:BILL) Director Sells 2,000 Shares of Stock

Bill.com Holdings, Inc. (NYSE:BILL) Director Brian Jacobs sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 7th. The shares were sold at an average price of $152.37, for a total transaction of $304,740.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at $457,110. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of BILL opened at $155.93 on Friday. Bill.com Holdings, Inc. has a twelve month low of $70.34 and a twelve month high of $195.95. The stock has a market capitalization of $14.69 billion, a P/E ratio of -190.16 and a beta of 2.39. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 1.03. The company has a fifty day moving average price of $150.82.

Bill.com (NYSE:BILL) last announced its earnings results on Thursday, May 6th. The company reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.05. Bill.com had a negative net margin of 32.83% and a negative return on equity of 6.09%. The business had revenue of $59.74 million for the quarter, compared to the consensus estimate of $54.51 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was up 44.9% on a year-over-year basis. As a group, sell-side analysts forecast that Bill.com Holdings, Inc. will post -0.69 EPS for the current year.

Several analysts recently issued reports on BILL shares. KeyCorp boosted their target price on shares of Bill.com from $165.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 7th. Susquehanna started coverage on shares of Bill.com in a research report on Tuesday, March 16th. They issued a “neutral” rating and a $160.00 price target for the company. Berenberg Bank started coverage on shares of Bill.com in a research report on Thursday, April 8th. They issued a “hold” rating and a $140.00 price target for the company. Zacks Investment Research lowered shares of Bill.com from a “hold” rating to a “sell” rating in a research report on Tuesday, April 6th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $170.00 price target on shares of Bill.com in a research report on Wednesday, May 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $152.71.

Several institutional investors and hedge funds have recently made changes to their positions in the company. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Bill.com in the first quarter valued at $343,000. Baker Tilly Wealth Management LLC raised its stake in shares of Bill.com by 25.4% in the first quarter. Baker Tilly Wealth Management LLC now owns 10,635 shares of the company’s stock valued at $1,547,000 after acquiring an additional 2,152 shares during the period. TownSquare Capital LLC grew its holdings in shares of Bill.com by 4.8% in the first quarter. TownSquare Capital LLC now owns 70,416 shares of the company’s stock worth $10,246,000 after purchasing an additional 3,242 shares during the last quarter. Melvin Capital Management LP bought a new position in shares of Bill.com in the first quarter worth about $225,525,000. Finally, Lone Pine Capital LLC grew its holdings in shares of Bill.com by 1.9% in the first quarter. Lone Pine Capital LLC now owns 2,820,713 shares of the company’s stock worth $410,414,000 after purchasing an additional 52,006 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors and hedge funds.

Bill.com Company Profile

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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