Tikvah Management LLC Sells 48,461 Shares of BILL Holdings, Inc. $BILL

Key Points

• Tikvah Management LLC significantly reduced its stake in BILL Holdings, Inc. by 45.7%, holding 57,590 shares after selling nearly 48,461 shares in the first quarter.
• Shares of BILL are currently priced at $40.40, with analysts setting a consensus target price of $62.10 and a mix of ratings including 12 "buy" and 9 "hold" recommendations.
• Insiders have recently sold shares of BILL, with Rajesh A. Aji and Germaine Cota decreasing their holdings by 16.07% and 15.30%, respectively.

Tikvah Management LLC decreased its position in BILL Holdings, Inc. (NYSE:BILL - Free Report) by 45.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,590 shares of the company's stock after selling 48,461 shares during the quarter. BILL comprises 0.9% of Tikvah Management LLC's investment portfolio, making the stock its 19th largest holding. Tikvah Management LLC owned 0.06% of BILL worth $2,643,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Xponance Inc. lifted its holdings in BILL by 1.6% in the 1st quarter. Xponance Inc. now owns 13,902 shares of the company's stock worth $638,000 after purchasing an additional 222 shares during the last quarter. Coppell Advisory Solutions LLC lifted its holdings in BILL by 202.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 369 shares of the company's stock worth $32,000 after purchasing an additional 247 shares during the last quarter. CoreCap Advisors LLC acquired a new stake in BILL in the 4th quarter worth approximately $30,000. Brooklyn Investment Group lifted its holdings in BILL by 73.6% in the 1st quarter. Brooklyn Investment Group now owns 889 shares of the company's stock worth $41,000 after purchasing an additional 377 shares during the last quarter. Finally, GeoWealth Management LLC acquired a new stake in BILL in the 4th quarter worth approximately $32,000. Institutional investors own 97.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. BTIG Research assumed coverage on BILL in a report on Wednesday, April 30th. They set a "buy" rating and a $60.00 price target for the company. Canaccord Genuity Group cut their price target on BILL from $105.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, May 13th. Wells Fargo & Company cut their price target on BILL from $43.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, May 9th. Truist Financial upped their target price on BILL from $47.00 to $50.00 and gave the company a "hold" rating in a research note on Thursday, July 17th. Finally, Needham & Company LLC restated a "buy" rating and issued a $75.00 target price on shares of BILL in a research note on Thursday, June 26th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, BILL presently has an average rating of "Hold" and a consensus price target of $62.20.

Insider Buying and Selling at BILL

In other news, SVP Germaine Cota sold 1,718 shares of the stock in a transaction on Friday, May 30th. The stock was sold at an average price of $42.55, for a total transaction of $73,100.90. Following the sale, the senior vice president owned 9,512 shares in the company, valued at approximately $404,735.60. This represents a 15.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajesh A. Aji sold 1,780 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $45.25, for a total value of $80,545.00. Following the sale, the insider owned 9,298 shares in the company, valued at $420,734.50. The trade was a 16.07% decrease in their position. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

BILL Price Performance

Shares of BILL stock traded down $0.4370 during trading hours on Thursday, hitting $41.2130. 3,713,962 shares of the company's stock were exchanged, compared to its average volume of 2,632,692. The stock's 50-day moving average is $44.12 and its 200-day moving average is $47.58. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $4.25 billion, a price-to-earnings ratio of -343.41, a price-to-earnings-growth ratio of 9.14 and a beta of 1.35. BILL Holdings, Inc. has a 52 week low of $36.55 and a 52 week high of $100.19.

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.