Insider Selling: BILL (NYSE:BILL) CEO Sells 42,248 Shares

BILL Holdings, Inc. (NYSE:BILL) CEO Rene Lacerte sold 42,248 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $50.17, for a total transaction of $2,119,582.16. Following the completion of the sale, the chief executive officer directly owned 163,125 shares in the company, valued at approximately $8,183,981.25. This represents a 20.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

BILL Trading Down 3.4%

Shares of BILL stock traded down $1.75 during trading on Friday, hitting $49.11. The stock had a trading volume of 1,199,205 shares, compared to its average volume of 2,594,612. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.51 and a quick ratio of 1.51. The firm’s fifty day simple moving average is $45.20 and its 200-day simple moving average is $40.90. The stock has a market cap of $4.19 billion, a PE ratio of -377.77, a PEG ratio of 0.73 and a beta of 1.10.

BILL (NYSE:BILL) last posted its quarterly earnings data on Wednesday, August 19th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $436.19 million for the quarter, compared to analyst estimates of $430.55 million. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. BILL has set its Q1 2027 guidance at 0.960-1.000 EPS and its FY 2027 guidance at 3.560-3.790 EPS. As a group, sell-side analysts expect that BILL Holdings, Inc. will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Alternative Investment Advisors LLC. bought a new stake in BILL during the second quarter valued at about $2,504,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in BILL in the second quarter worth about $383,000. California State Teachers Retirement System raised its holdings in BILL by 3,421.2% in the second quarter. California State Teachers Retirement System now owns 3,531,603 shares of the company’s stock worth $127,703,000 after purchasing an additional 3,431,307 shares in the last quarter. Greenland Capital Management LP purchased a new stake in shares of BILL during the second quarter valued at about $608,000. Finally, AlphaGrep UK Ltd purchased a new stake in shares of BILL during the second quarter valued at about $1,274,000. 97.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BILL shares. TD Cowen began coverage on BILL in a research report on Monday, June 22nd. They set a “buy” rating and a $43.00 target price for the company. Zacks Research raised BILL from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 26th. BMO Capital Markets lifted their price objective on BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. Robert W. Baird upped their price objective on shares of BILL from $50.00 to $54.00 and gave the stock a “neutral” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of BILL in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.67.

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. It also offers onboarding implementation support, and ongoing support and training services.