BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld Sells 779 Shares

BILL Holdings, Inc. (NYSE:BILL) Director Alison Wagonfeld sold 779 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $90.00, for a total value of $70,110.00. Following the completion of the transaction, the director now directly owns 259 shares of the company’s stock, valued at approximately $23,310. The trade was a 75.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Alison Wagonfeld also recently made the following trade(s):

• On Monday, October 21st, Alison Wagonfeld sold 519 shares of BILL stock. The shares were sold at an average price of $57.50, for a total value of $29,842.50.

BILL Stock Performance

Shares of NYSE BILL traded down $3.29 during midday trading on Thursday, reaching $86.38. 1,882,216 shares of the company were exchanged, compared to its average volume of 1,929,803. The stock has a market cap of $8.94 billion, a P/E ratio of -265.30 and a beta of 1.59. The company has a current ratio of 1.53, a quick ratio of 1.55 and a debt-to-equity ratio of 0.23. BILL Holdings, Inc. has a 1 year low of $43.11 and a 1 year high of $91.19. The stock has a fifty day simple moving average of $57.51 and a 200 day simple moving average of $54.14.

BILL (NYSE:BILL) last posted its earnings results on Thursday, August 22nd. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.11. BILL had a return on equity of 1.54% and a net margin of 0.59%. The firm had revenue of $343.67 million for the quarter, compared to analyst estimates of $328.27 million. During the same quarter in the prior year, the company earned $0.10 EPS. BILL’s revenue was up 16.1% on a year-over-year basis. On average, research analysts forecast that BILL Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Institutional Trading of BILL

A number of hedge funds have recently made changes to their positions in BILL. Brooklyn Investment Group bought a new stake in BILL during the 3rd quarter valued at $28,000. Advisors Asset Management Inc. grew its holdings in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company’s stock valued at $45,000 after buying an additional 282 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of BILL in the 2nd quarter valued at about $46,000. Venturi Wealth Management LLC boosted its holdings in shares of BILL by 377.8% during the third quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the period. Finally, UniSuper Management Pty Ltd lifted its position in BILL by 100.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company’s stock worth $96,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 97.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on BILL. Oppenheimer increased their target price on shares of BILL from $70.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. reduced their price target on shares of BILL from $80.00 to $60.00 and set an “overweight” rating for the company in a research report on Tuesday, August 20th. Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of BILL in a report on Friday, August 23rd. Wells Fargo & Company reduced their price objective on BILL from $60.00 to $45.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Finally, Piper Sandler upped their target price on shares of BILL from $60.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $74.65.

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.