Insider Selling: BILL (NYSE:BILL) Insider Sells $528,344.02 in Stock

BILL Holdings, Inc. (NYSE:BILLGet Free Report) insider Michael Cieri sold 10,754 shares of BILL stock in a transaction on Monday, August 31st. The shares were sold at an average price of $49.13, for a total value of $528,344.02. Following the transaction, the insider directly owned 997 shares of the company’s stock, valued at approximately $48,982.61. The trade was a 91.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

BILL Price Performance

Shares of BILL stock traded down $1.66 during trading hours on Tuesday, hitting $47.57. 1,581,995 shares of the company’s stock were exchanged, compared to its average volume of 2,610,957. BILL Holdings, Inc. has a 52 week low of $31.41 and a 52 week high of $57.21. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of -365.92, a price-to-earnings-growth ratio of 0.77 and a beta of 1.13. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The stock’s 50-day moving average is $44.24 and its 200-day moving average is $40.85.

BILL (NYSE:BILLGet Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, research analysts forecast that BILL Holdings, Inc. will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BILL. Zacks Research upgraded shares of BILL from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. Wolfe Research boosted their target price on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Oppenheimer set a $55.00 price target on BILL and gave the company an “outperform” rating in a research note on Friday, May 8th. The Goldman Sachs Group raised their price target on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Finally, Truist Financial boosted their price objective on BILL from $44.00 to $52.00 and gave the stock a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $58.67.

Read Our Latest Report on BILL

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Empowered Funds LLC increased its holdings in BILL by 50.3% in the first quarter. Empowered Funds LLC now owns 8,002 shares of the company’s stock valued at $367,000 after purchasing an additional 2,678 shares during the last quarter. Prudential Financial Inc. boosted its holdings in BILL by 19.6% during the second quarter. Prudential Financial Inc. now owns 9,992 shares of the company’s stock worth $462,000 after buying an additional 1,637 shares during the last quarter. California Public Employees Retirement System grew its position in shares of BILL by 2.2% during the 2nd quarter. California Public Employees Retirement System now owns 167,487 shares of the company’s stock worth $7,748,000 after buying an additional 3,602 shares during the period. AXA S.A. grew its position in shares of BILL by 121.7% during the 2nd quarter. AXA S.A. now owns 58,346 shares of the company’s stock worth $2,699,000 after buying an additional 32,024 shares during the period. Finally, Bayesian Capital Management LP bought a new stake in shares of BILL in the 2nd quarter valued at about $1,624,000. Institutional investors and hedge funds own 97.99% of the company’s stock.

About BILL

(Get Free Report)

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. It also offers onboarding implementation support, and ongoing support and training services.

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