Insider Selling: Bill.com Holdings, Inc. (NYSE:BILL) Insider Sells 9,871 Shares of Stock

Bill.com Holdings, Inc. (NYSE:BILLGet Rating) insider Bora Chung sold 9,871 shares of the stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of $110.83, for a total value of $1,094,002.93. Following the completion of the sale, the insider now directly owns 616 shares of the company’s stock, valued at approximately $68,271.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Bora Chung also recently made the following trade(s):

  • On Tuesday, May 31st, Bora Chung sold 938 shares of Bill.com stock. The shares were sold at an average price of $124.84, for a total value of $117,099.92.
  • On Monday, May 16th, Bora Chung sold 8,854 shares of Bill.com stock. The shares were sold at an average price of $113.33, for a total value of $1,003,423.82.
  • On Monday, April 18th, Bora Chung sold 8,855 shares of Bill.com stock. The shares were sold at an average price of $190.68, for a total value of $1,688,471.40.

Shares of NYSE BILL opened at $109.47 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.41 and a current ratio of 1.41. Bill.com Holdings, Inc. has a 52 week low of $89.87 and a 52 week high of $348.49. The stock has a market capitalization of $11.41 billion, a P/E ratio of -37.88 and a beta of 2.36. The stock’s fifty day moving average is $141.62 and its 200 day moving average is $192.28.

Bill.com (NYSE:BILLGet Rating) last issued its quarterly earnings results on Thursday, May 5th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. Bill.com had a negative return on equity of 5.05% and a negative net margin of 54.96%. The company had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $157.90 million. During the same quarter last year, the business earned ($0.15) earnings per share. Bill.com’s revenue was up 179.4% on a year-over-year basis. Equities research analysts forecast that Bill.com Holdings, Inc. will post -2.27 earnings per share for the current year.

A number of research firms recently weighed in on BILL. Oppenheimer dropped their price target on Bill.com from $190.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday. Canaccord Genuity Group dropped their price target on Bill.com from $366.00 to $250.00 in a research note on Friday, May 6th. Wells Fargo & Company began coverage on Bill.com in a research note on Monday, April 4th. They issued an “overweight” rating and a $284.00 price target on the stock. BTIG Research dropped their price target on Bill.com from $375.00 to $300.00 in a research note on Friday, May 6th. Finally, KeyCorp dropped their price target on Bill.com from $225.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 31st. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $237.00.

Several hedge funds and other institutional investors have recently modified their holdings of BILL. WCM Investment Management LLC boosted its stake in Bill.com by 50.7% in the fourth quarter. WCM Investment Management LLC now owns 15,298 shares of the company’s stock valued at $3,811,000 after buying an additional 5,145 shares in the last quarter. Swiss National Bank boosted its stake in Bill.com by 81.9% in the fourth quarter. Swiss National Bank now owns 284,000 shares of the company’s stock valued at $70,759,000 after buying an additional 127,900 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Bill.com by 238.0% in the fourth quarter. Principal Financial Group Inc. now owns 27,528 shares of the company’s stock valued at $6,859,000 after buying an additional 19,383 shares in the last quarter. Parkwood LLC acquired a new stake in Bill.com in the fourth quarter valued at about $1,406,000. Finally, Commonwealth Equity Services LLC boosted its stake in Bill.com by 57.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,465 shares of the company’s stock valued at $1,859,000 after buying an additional 2,732 shares in the last quarter. Institutional investors own 99.01% of the company’s stock.

About Bill.com (Get Rating)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial intelligence enabled financial software platform that creates seamless connections among users, suppliers, and the clients.

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