BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota Sells 1,525 Shares

BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota sold 1,525 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total transaction of $118,934.75. Following the completion of the transaction, the senior vice president now directly owns 5,348 shares of the company’s stock, valued at $417,090.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Germaine Cota also recently made the following trade(s):

• On Friday, August 30th, Germaine Cota sold 803 shares of BILL stock. The shares were sold at an average price of $54.75, for a total value of $43,964.25.

BILL Stock Performance

Shares of NYSE BILL opened at $89.06 on Wednesday. The business’s 50-day simple moving average is $56.08 and its 200-day simple moving average is $53.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.55 and a current ratio of 1.55. BILL Holdings, Inc. has a 52 week low of $43.11 and a 52 week high of $90.16. The firm has a market cap of $9.22 billion, a price-to-earnings ratio of -269.88 and a beta of 1.59.

BILL (NYSE:BILL) last announced its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.46 by $0.11. BILL had a return on equity of 1.53% and a net margin of 0.59%. The company had revenue of $343.67 million for the quarter, compared to the consensus estimate of $328.27 million. During the same quarter last year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, equities research analysts expect that BILL Holdings, Inc. will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BILL. Abdiel Capital Advisors LP grew its position in shares of BILL by 46.4% in the second quarter. Abdiel Capital Advisors LP now owns 3,454,823 shares of the company’s stock valued at $181,793,000 after purchasing an additional 1,095,396 shares during the last quarter. Kodai Capital Management LP bought a new position in BILL in the 1st quarter worth approximately $59,341,000. Dimensional Fund Advisors LP lifted its holdings in shares of BILL by 70.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,388,441 shares of the company’s stock worth $73,049,000 after buying an additional 575,084 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of BILL by 297.7% in the third quarter. Assenagon Asset Management S.A. now owns 380,640 shares of the company’s stock valued at $20,083,000 after acquiring an additional 284,935 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of BILL by 45.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 895,833 shares of the company’s stock worth $47,264,000 after acquiring an additional 279,256 shares during the last quarter. Institutional investors own 97.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BILL shares. Oppenheimer lifted their price target on BILL from $70.00 to $83.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Evercore ISI dropped their target price on BILL from $70.00 to $60.00 and set an “in-line” rating on the stock in a report on Friday, August 23rd. Keefe, Bruyette & Woods decreased their price target on shares of BILL from $60.00 to $55.00 and set a “market perform” rating for the company in a report on Friday, August 23rd. Needham & Company LLC reaffirmed a “buy” rating and set a $100.00 price objective on shares of BILL in a research report on Friday, August 23rd. Finally, Susquehanna reiterated a “positive” rating and issued a $100.00 target price on shares of BILL in a research report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.