Michael Cieri Sells 10,754 Shares of BILL (NYSE:BILL) Stock

BILL Holdings, Inc. (NYSE:BILL) insider Michael Cieri sold 10,754 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $49.13, for a total transaction of $528,344.02. Following the completion of the transaction, the insider owned 997 shares in the company, valued at approximately $48,982.61. This represents a 91.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 Stock Down 3.4%

BILL stock traded down $1.66 during midday trading on Tuesday, reaching $47.57. The company had a trading volume of 1,581,995 shares, compared to its average volume of 2,610,957. The company has a 50 day moving average of $44.24 and a two-hundred day moving average of $40.85. The company has a market capitalization of $4.06 billion, a P/E ratio of -365.92, a PEG ratio of 0.77 and a beta of 1.13. BILL Holdings, Inc. has a 1 year low of $31.41 and a 1 year high of $57.21. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.49.

BILL (NYSE:BILL) last posted its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $430.55 million. During the same period in the previous year, the company posted $0.53 EPS. BILL’s 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, equities research analysts expect that BILL Holdings, Inc. will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BILL

Large investors have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd acquired a new stake in BILL in the 4th quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its holdings 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 worth $28,000 after purchasing an additional 486 shares during the period. Rockefeller Capital Management L.P. raised its position in shares of BILL by 173.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after buying an additional 452 shares during the last quarter. Versant Capital Management Inc raised its position in shares of BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock valued at $26,000 after buying an additional 430 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of BILL by 1,000.0% in the fourth quarter. CWM LLC now owns 803 shares of the company’s stock valued at $44,000 after buying an additional 730 shares during the period. 97.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods increased their price objective on BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. The Goldman Sachs Group raised their target price on shares of BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research note on Thursday, August 20th. BTIG Research reiterated a “buy” rating and issued a $60.00 target price on shares of BILL in a report on Thursday, August 20th. Jefferies Financial Group boosted their target price on shares of BILL from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of BILL from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, June 5th. One 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.67.

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.