Bill.com Holdings, Inc. (NYSE:BILL) CEO Rene A. Lacerte Sells 6,248 Shares

Bill.com Holdings, Inc. (NYSE:BILLGet Rating) CEO Rene A. Lacerte sold 6,248 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $175.05, for a total transaction of $1,093,712.40. Following the completion of the sale, the chief executive officer now owns 76,301 shares of the company’s stock, valued at $13,356,490.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Bill.com Trading Down 5.8 %

Shares of BILL stock opened at $162.34 on Wednesday. Bill.com Holdings, Inc. has a 1-year low of $89.87 and a 1-year high of $348.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.84 and a quick ratio of 1.84. The business has a 50-day moving average of $145.27 and a 200 day moving average of $157.14. The stock has a market capitalization of $17.02 billion, a PE ratio of -50.42 and a beta of 2.15.

Bill.com (NYSE:BILLGet Rating) last posted its earnings results on Thursday, August 18th. The company reported ($0.58) EPS for the quarter, topping analysts’ consensus estimates of ($0.68) by $0.10. The business had revenue of $200.22 million during the quarter, compared to analyst estimates of $183.10 million. Bill.com had a negative return on equity of 5.13% and a negative net margin of 51.22%. The company’s quarterly revenue was up 155.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.44) EPS. As a group, sell-side analysts anticipate that Bill.com Holdings, Inc. will post -2.17 earnings per share for the current year.

Hedge Funds Weigh In On Bill.com

Several large investors have recently made changes to their positions in the business. Raymond James & Associates increased its stake in Bill.com by 20.6% during the fourth quarter. Raymond James & Associates now owns 7,995 shares of the company’s stock worth $1,992,000 after acquiring an additional 1,367 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Bill.com by 62.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 101,222 shares of the company’s stock worth $25,219,000 after purchasing an additional 39,054 shares in the last quarter. AlphaCrest Capital Management LLC increased its position in shares of Bill.com by 75.9% during the fourth quarter. AlphaCrest Capital Management LLC now owns 1,326 shares of the company’s stock worth $330,000 after purchasing an additional 572 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Bill.com by 238.0% in the 4th quarter. Principal Financial Group Inc. now owns 27,528 shares of the company’s stock valued at $6,859,000 after acquiring an additional 19,383 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of Bill.com by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 12,198 shares of the company’s stock valued at $3,036,000 after acquiring an additional 152 shares during the period. 95.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Bill.com from $200.00 to $230.00 and gave the company an “overweight” rating in a report on Friday, August 19th. Evercore ISI increased their target price on shares of Bill.com to $165.00 in a report on Monday, August 22nd. Oppenheimer upped their price target on shares of Bill.com from $150.00 to $200.00 in a research report on Friday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Bill.com from $177.00 to $240.00 in a research report on Friday, August 19th. Finally, KeyCorp upped their price target on shares of Bill.com from $150.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, August 19th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $234.50.

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. 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.

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Insider Buying and Selling by Quarter for Bill.com (NYSE:BILL)

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