BILL Holdings, Inc. (NYSE:BILL) SVP Germaine Cota Sells 642 Shares

BILL Holdings, Inc. (NYSE:BILLGet Free Report) SVP Germaine Cota sold 642 shares of BILL stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.59, for a total transaction of $33,120.78. Following the transaction, the senior vice president now directly owns 6,057 shares in the company, valued at approximately $312,480.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, March 7th, Germaine Cota sold 920 shares of BILL stock. The shares were sold at an average price of $65.34, for a total transaction of $60,112.80.

BILL Trading Down 1.7 %

Shares of BILL opened at $51.17 on Tuesday. The company’s fifty day moving average is $59.89 and its 200 day moving average is $67.11. BILL Holdings, Inc. has a fifty-two week low of $50.08 and a fifty-two week high of $139.50. The stock has a market capitalization of $5.43 billion, a PE ratio of -64.77 and a beta of 1.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.63 and a current ratio of 1.63.

BILL (NYSE:BILLGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.17. BILL had a negative net margin of 4.21% and a positive return on equity of 0.98%. The company had revenue of $323.03 million for the quarter, compared to analysts’ expectations of $305.23 million. Sell-side analysts expect that BILL Holdings, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BILL. Coatue Management LLC bought a new position in BILL during the fourth quarter valued at $163,218,000. Norges Bank bought a new position in BILL during the fourth quarter valued at $95,702,000. Kodai Capital Management LP bought a new position in BILL during the first quarter valued at $59,341,000. Lone Pine Capital LLC increased its position in BILL by 39.7% during the third quarter. Lone Pine Capital LLC now owns 2,546,689 shares of the company’s stock valued at $276,494,000 after acquiring an additional 723,151 shares during the last quarter. Finally, Contour Asset Management LLC bought a new position in BILL during the fourth quarter valued at $49,509,000. Institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BILL shares. BNP Paribas raised shares of BILL from an “underperform” rating to a “neutral” rating and set a $72.00 price target on the stock in a report on Wednesday, March 13th. BMO Capital Markets lowered their price target on shares of BILL from $82.00 to $75.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Mizuho lowered their price target on shares of BILL from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Monday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 target price on shares of BILL in a report on Friday, May 3rd. Finally, Robert W. Baird lowered their target price on shares of BILL from $74.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $96.65.

View Our Latest Analysis on BILL

About BILL

(Get Free Report)

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.

Further Reading

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

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