Bill.com Holdings, Inc. (NYSE:BILL) Insider Sells $1,116,261.30 in Stock
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…
From the Equity Insider archive. This article dates from Oct 20, 2022 and is preserved as first published.
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.
1,417,409 shares of the stock were exchanged, compared to its average volume of 2,200,682.
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.
