Rene Lacerte Sells 42,248 Shares of BILL (NYSE:BILL) Stock

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

BILL Price Performance

NYSE BILL traded down $1.75 on Friday, reaching $49.11. The company had a trading volume of 1,199,205 shares, compared to its average volume of 2,594,612. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $4.19 billion, a PE ratio of -377.77, a price-to-earnings-growth ratio of 0.73 and a beta of 1.10. The firm’s 50 day moving average price is $45.20 and its 200 day moving average price is $40.90. BILL Holdings, Inc. has a 12 month low of $31.41 and a 12 month high of $57.21.

BILL (NYSE:BILL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. BILL had a negative net margin of 0.68% and a positive return on equity of 3.74%. The business had revenue of $436.19 million for the quarter, compared to analysts’ expectations of $430.55 million. During the same quarter in the previous year, the company earned $0.53 EPS. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. 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, equities analysts predict that BILL Holdings, Inc. will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its stake in BILL by 147.3% during the second quarter. Versant Capital Management Inc now owns 722 shares of the company’s stock worth $26,000 after acquiring an additional 430 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of BILL by 972.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 536 shares of the company’s stock valued at $28,000 after purchasing an additional 486 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of BILL in the 4th quarter worth approximately $28,000. State of Wyoming bought a new position in shares of BILL during the 1st quarter valued at approximately $32,000. Finally, Rockefeller Capital Management L.P. increased its position in shares of BILL by 173.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 712 shares of the company’s stock valued at $39,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s stock.

Analyst Upgrades and Downgrades

BILL has been the subject of a number of research reports. Zacks Research raised BILL from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 26th. Wolfe Research lifted their price objective on BILL from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods upped their price objective on BILL from $46.00 to $54.00 and gave the stock a “market perform” rating in a report on Thursday, August 20th. The Goldman Sachs Group increased their target price on BILL from $50.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets raised their target price on shares of BILL from $46.00 to $55.00 and gave the company a “market perform” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.67.

BILL Company Profile

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.