Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) insider Bora Chung sold 8,855 shares of the company’s stock in a transaction that occurred on Monday, October 17th. The stock was sold at an average price of $126.06, for a total value of $1,116,261.30. Following the transaction, the insider now directly owns 616 shares of the company’s stock, valued at approximately $77,652.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Bora Chung also recently made the following trade(s):
On Thursday, September 15th, Bora Chung sold 9,921 shares of Bill.com stock. The stock was sold at an average price of $162.09, for a total value of $1,608,094.89.
Bill.com Stock Performance
BILL stock traded down $5.45 during trading hours on Wednesday, hitting $126.34. 1,417,409 shares of the stock were exchanged, compared to its average volume of 2,200,682. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $13.25 billion, a P/E ratio of -39.24 and a beta of 2.17. The company has a 50-day simple moving average of $148.37 and a two-hundred day simple moving average of $142.83. Bill.com Holdings, Inc. has a 12 month low of $89.87 and a 12 month high of $348.49.
Bill.com (NYSE:BILL – Get Rating) last posted its quarterly earnings data on Thursday, August 18th. The company reported ($0.58) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.10. The firm had revenue of $200.22 million for the quarter, compared to analysts’ expectations of $183.10 million. Bill.com had a negative return on equity of 5.13% and a negative net margin of 51.22%. The company’s quarterly revenue was up 155.8% compared to the same quarter last year. During the same quarter last year, the business earned ($0.44) EPS. On average, analysts forecast that Bill.com Holdings, Inc. will post -2.08 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in BILL. Brown Brothers Harriman & Co. bought a new position in shares of Bill.com in the first quarter worth $38,000. AdvisorNet Financial Inc increased its position in shares of Bill.com by 178.6% in the third quarter. AdvisorNet Financial Inc now owns 312 shares of the company’s stock worth $41,000 after purchasing an additional 200 shares during the period. Seaport Global Advisors LLC bought a new position in shares of Bill.com in the second quarter worth $43,000. Quadrant Capital Group LLC increased its position in shares of Bill.com by 91.7% in the second quarter. Quadrant Capital Group LLC now owns 395 shares of the company’s stock worth $43,000 after purchasing an additional 189 shares during the period. Finally, CWM LLC increased its position in shares of Bill.com by 540.6% in the first quarter. CWM LLC now owns 205 shares of the company’s stock worth $46,000 after purchasing an additional 173 shares during the period. Institutional investors own 95.85% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on BILL. KeyCorp upped their price target on Bill.com from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. JPMorgan Chase & Co. increased their price objective on Bill.com from $200.00 to $222.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Oppenheimer reissued an “outperform” rating and issued a $200.00 price objective on shares of Bill.com in a report on Tuesday, September 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Bill.com from $240.00 to $200.00 and set a “buy” rating for the company in a report on Monday. Finally, Morgan Stanley began coverage on Bill.com in a report on Monday, September 12th. They issued an “overweight” rating and a $220.00 price objective for the company. Eighteen research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Bill.com has a consensus rating of “Buy” and an average target price of $220.27.
About Bill.com
Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations 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.