BILL Holdings, Inc. (NYSE:BILL) Insider Rajesh A. Aji Sells 1,780 Shares

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total transaction of $80,545.00. Following the completion of the sale, the insider now directly owns 9,298 shares in the company, valued at $420,734.50. This trade represents a 16.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

BILL Stock Up 1.0%

Shares of BILL traded up $0.47 during mid-day trading on Thursday, hitting $45.27. 1,761,378 shares of the company traded hands, compared to its average volume of 2,322,666. The company has a market capitalization of $4.66 billion, a PE ratio of -377.22, a price-to-earnings-growth ratio of 11.39 and a beta of 1.36. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average of $44.56 and a 200 day moving average of $59.73. BILL Holdings, Inc. has a 1-year low of $36.55 and a 1-year high of $100.19.

BILL (NYSE:BILL - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.13. BILL had a return on equity of 1.21% and a net margin of 2.70%. The company had revenue of $358.22 million during the quarter, compared to analyst estimates of $355.85 million. During the same quarter last year, the business posted $0.60 EPS. The firm's quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that BILL Holdings, Inc. will post 0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on BILL shares. Needham & Company LLC restated a "buy" rating and set a $75.00 price objective on shares of BILL in a report on Thursday. Truist Financial started coverage on shares of BILL in a research report on Monday, June 2nd. They issued a "hold" rating and a $47.00 price target for the company. Robert W. Baird dropped their price objective on shares of BILL from $82.00 to $55.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Seaport Res Ptn downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a research note on Thursday, April 17th. Finally, Piper Sandler lowered their target price on BILL from $85.00 to $70.00 and set an "overweight" rating for the company in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. CoreCap Advisors LLC acquired a new position in BILL in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC lifted its position in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares during the period. Coppell Advisory Solutions LLC lifted its position in BILL by 202.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock valued at $32,000 after purchasing an additional 247 shares during the period. GeoWealth Management LLC purchased a new stake in BILL in the fourth quarter valued at $32,000. Finally, Fifth Third Bancorp grew its position in BILL by 134.1% during the 1st quarter. Fifth Third Bancorp now owns 749 shares of the company's stock worth $34,000 after purchasing an additional 429 shares during the period. 97.99% of the stock is currently owned by hedge funds and other institutional investors.

BILL Company Profile

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.

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