BILL (NYSE:BILL) CEO Sells $6,839,615.52 in Stock

Key Points

• CEO Rene Lacerte sold 141,256 BILL shares for approximately $6.84 million, reducing his stake by 58.33% to 100,899 shares.
• BILL reported quarterly revenue of $436.19 million and adjusted earnings of $0.84 per share, exceeding analyst estimates; revenue increased 13.8% year over year.
• The stock traded at $49.11, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $58.67. Institutional investors own approximately 97.99% of the company.

BILL Holdings, Inc. (NYSE:BILL - Get Free Report) CEO Rene Lacerte sold 141,256 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $48.42, for a total value of $6,839,615.52. Following the transaction, the chief executive officer owned 100,899 shares in the company, valued at $4,885,529.58. This represents a 58.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

BILL Price Performance

NYSE:BILL traded down $1.75 during trading hours on Friday, reaching $49.11. 1,199,205 shares of the company were exchanged, compared to its average volume of 2,594,612. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49. The firm has a market cap of $4.19 billion, a PE ratio of -377.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.10. BILL Holdings, Inc. has a twelve month low of $31.41 and a twelve month high of $57.21. The stock's 50-day moving average is $45.20 and its 200-day moving average is $40.90.

BILL (NYSE:BILL - Get Free Report) last released its earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The business had revenue of $436.19 million during the quarter, compared to analysts' expectations of $430.55 million. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company's quarterly revenue was up 13.8% on a year-over-year basis. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. On average, sell-side analysts anticipate that BILL Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BILL has been the topic of a number of research analyst reports. Truist Financial lifted their price target on BILL from $44.00 to $52.00 and gave the stock a "hold" rating in a research note on Tuesday. Robert W. Baird raised their price objective on BILL from $50.00 to $54.00 and gave the company a "neutral" rating in a report on Monday, May 11th. BMO Capital Markets lifted their target price on shares of BILL from $46.00 to $55.00 and gave the stock a "market perform" rating in a research note on Thursday, August 20th. Morgan Stanley upped their target price on shares of BILL from $55.00 to $60.00 and gave the stock an "equal weight" rating in a report on Thursday, August 20th. Finally, JPMorgan Chase & Co. reduced their target price on shares of BILL from $60.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $58.67.

Hedge Funds Weigh In On BILL

A number of institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of BILL in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of BILL by 972.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company's stock valued at $28,000 after buying an additional 486 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in BILL by 173.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company's stock valued at $39,000 after acquiring an additional 452 shares during the last quarter. Versant Capital Management Inc lifted its holdings in BILL by 147.3% in the second quarter. Versant Capital Management Inc now owns 722 shares of the company's stock valued at $26,000 after acquiring an additional 430 shares during the last quarter. Finally, CWM LLC grew its position in BILL by 1,000.0% in the fourth quarter. CWM LLC now owns 803 shares of the company's stock worth $44,000 after acquiring an additional 730 shares during the period. 97.99% of the stock is 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. It also offers onboarding implementation support, and ongoing support and training services.

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