Insider Selling: BILL Holdings, Inc. (NYSE:BILL) Insider Sells $136,058.78 in Stock

BILL Holdings, Inc. (NYSE:BILL) insider Rajesh A. Aji sold 2,486 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $54.73, for a total transaction of $136,058.78. Following the transaction, the insider now owns 7,812 shares in the company, valued at $427,550.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

BILL Stock Performance

NYSE BILL opened at $55.06 on Friday. The business has a 50 day moving average price of $51.22 and a 200 day moving average price of $56.43. The company has a market capitalization of $5.84 billion, a P/E ratio of -69.70 and a beta of 1.61. BILL Holdings, Inc. has a 1-year low of $43.11 and a 1-year high of $118.96. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.55 and a quick ratio of 1.63.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. The business had revenue of $343.67 million during the quarter, compared to analysts’ expectations of $328.27 million. BILL had a positive return on equity of 1.13% and a negative net margin of 2.24%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. Sell-side analysts expect that BILL Holdings, Inc. will post -0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on BILL. Robert W. Baird dropped their price objective on shares of BILL from $68.00 to $60.00 and set a “neutral” rating on the stock in a research note on Friday, August 23rd. JPMorgan Chase & Co. reduced their price objective on BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research note on Tuesday, August 20th. Wells Fargo & Company lowered their target price on BILL from $60.00 to $45.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. The Goldman Sachs Group cut BILL from a “buy” rating to a “neutral” rating and cut their price target for the stock from $86.00 to $54.00 in a research note on Friday, August 23rd. Finally, Piper Sandler lifted their price objective on shares of BILL from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.18.

Institutional Trading of BILL

Several institutional investors and hedge funds have recently modified their holdings of BILL. Gilbert & Cook Inc. raised its position in shares of BILL by 8.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,524 shares of the company’s stock worth $451,000 after purchasing an additional 429 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of BILL by 23.4% in the fourth quarter. Victory Capital Management Inc. now owns 13,734 shares of the company’s stock valued at $1,121,000 after acquiring an additional 2,604 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of BILL by 6.3% during the fourth quarter. New York Life Investment Management LLC now owns 11,678 shares of the company’s stock valued at $953,000 after acquiring an additional 694 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in BILL by 45.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 2,869 shares of the company’s stock worth $234,000 after purchasing an additional 895 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in BILL by 12.7% in the 4th quarter. Private Advisor Group LLC now owns 7,825 shares of the company’s stock valued at $638,000 after purchasing an additional 879 shares during the last quarter. Hedge funds and other 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.