Bill.com Holdings, Inc. (NYSE:BILL) Director Steven Cakebread sold 2,000 shares of the firm's stock in a transaction dated Thursday, March 18th. The shares were sold at an average price of $146.26, for a total transaction of $292,520.00. Following the sale, the director now owns 2,000 shares of the company's stock, valued at $292,520. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Steven Cakebread also recently made the following trade(s):
- On Thursday, March 4th, Steven Cakebread sold 2,000 shares of Bill.com stock. The shares were sold at an average price of $149.79, for a total transaction of $299,580.00.
- On Thursday, February 18th, Steven Cakebread sold 2,000 shares of Bill.com stock. The shares were sold at an average price of $176.26, for a total transaction of $352,520.00.
NYSE:BILL traded up $5.62 during trading hours on Monday, hitting $151.96. 748,248 shares of the stock traded hands, compared to its average volume of 1,508,331. Bill.com Holdings, Inc. has a 1 year low of $27.53 and a 1 year high of $195.95. The company has a market cap of $12.50 billion and a price-to-earnings ratio of -292.23. The stock has a 50 day moving average price of $162.13 and a 200 day moving average price of $126.73.
Bill.com (NYSE:BILL) last issued its quarterly earnings results on Wednesday, February 3rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.05. Bill.com had a negative net margin of 22.74% and a negative return on equity of 6.84%. The business had revenue of $54.05 million for the quarter, compared to the consensus estimate of $46.94 million. As a group, research analysts forecast that Bill.com Holdings, Inc. will post -0.8 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Baker Tilly Financial LLC purchased a new position in shares of Bill.com in the fourth quarter worth $1,158,000. Acadian Asset Management LLC purchased a new position in shares of Bill.com in the third quarter worth $41,000. Truist Financial Corp purchased a new position in shares of Bill.com in the third quarter worth $208,000. California Public Employees Retirement System lifted its holdings in shares of Bill.com by 41.5% in the fourth quarter. California Public Employees Retirement System now owns 175,743 shares of the company's stock worth $23,989,000 after buying an additional 51,574 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Bill.com by 1,327.5% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 106,362 shares of the company's stock worth $14,518,000 after buying an additional 98,911 shares in the last quarter. 87.32% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently commented on BILL. Susquehanna Bancshares began coverage on shares of Bill.com in a research note on Tuesday, March 16th. They issued a "neutral" rating and a $160.00 price target for the company. Oppenheimer boosted their target price on shares of Bill.com from $150.00 to $175.00 and gave the company an "outperform" rating in a research report on Friday, February 5th. Zacks Investment Research lowered shares of Bill.com from a "hold" rating to a "sell" rating in a research report on Tuesday, January 5th. Susquehanna began coverage on shares of Bill.com in a research report on Monday. They set a "neutral" rating and a $160.00 target price for the company. Finally, Wolfe Research began coverage on shares of Bill.com in a research report on Friday, December 4th. They set an "outperform" rating and a $170.00 target price for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. Bill.com presently has an average rating of "Buy" and a consensus price target of $136.87.
About Bill.com
Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.
Featured Article: Environmental, Social, and Governance (ESG) Investing
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Semiconductor Stocks Set to Gain From the Chip Shortage
Who knew that something so tiny could create such a big problem? However, that’s the case with the semiconductor industry. Chip manufacturers are facing supply chain disruptions due to the Covid-19 pandemic.
Semiconductors are in high demand for the big tech companies who need the chips to power the servers for their data centers. But they are also needed for much of the technology we take for granted including laptops, tablets, mobile phones, gaming consoles, and automobiles – a sector that seems to be at the root of the current crisis.
Any weekend mechanic knows that even traditional internal combustion cars are heavily reliant on electronics. In fact, electronic parts and components account for 40% of a new, internal combustion vehicle. That’s more than doubled since 2000.
However as it turns out, some manufacturers may have overestimated how soon consumers would be ready for an “all-electric” future. And that meant that they didn’t forecast how much demand there would be for the kind of chips needed to do the mundane, but vital tasks of steering, braking, and even powering windows up and down.
Part of the problem is that U.S. businesses are heavily reliant on countries like China and Taiwan for their semiconductors. In fact, only about 12.5% of semiconductor manufacturing is done in the United States.
Of course, this creates a tremendous opportunity for the companies that manufacture these chips. And it comes at a good time. The semiconductor sector is notoriously cyclical and was coming down from the elevated demand for the 5G buildout.
In this special presentation, we’ll give you a list of seven semiconductor companies that you can invest in to take advantage of this opportunity.
View the "7 Semiconductor Stocks Set to Gain From the Chip Shortage".
