Insider Selling: Bill.com Holdings, Inc. (NYSE:BILL) Insider Sells 938 Shares of Stock
Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) insider Bora Chung sold 938 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $124.84, for a total transaction of $117,099.92. Following the sale, the insider now owns 2,806 shares of the company’s stock, valued at approximately $350,301.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Bora Chung also recently made the following trade(s):
- 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 transaction 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 transaction of $1,688,471.40.
- On Wednesday, March 16th, Bora Chung sold 10,572 shares of Bill.com stock. The shares were sold at an average price of $191.86, for a total transaction of $2,028,343.92.
Shares of Bill.com stock traded down $2.57 during trading hours on Wednesday, reaching $115.67. 1,325,464 shares of the company’s stock were exchanged, compared to its average volume of 2,516,171. The company has a 50 day moving average of $169.33 and a two-hundred day moving average of $208.57. Bill.com Holdings, Inc. has a fifty-two week low of $89.87 and a fifty-two week high of $348.49. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.15. The stock has a market cap of $12.06 billion, a P/E ratio of -40.02 and a beta of 2.32.
Bill.com (NYSE:BILL – Get Rating) last issued its earnings results on Thursday, May 5th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.08. The company had revenue of $166.90 million for the quarter, compared to analysts’ expectations of $157.90 million. Bill.com had a negative net margin of 54.96% and a negative return on equity of 5.05%. Bill.com’s quarterly revenue was up 179.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.15) EPS. As a group, analysts expect that Bill.com Holdings, Inc. will post -2.27 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Reilly Financial Advisors LLC bought a new position in Bill.com in the 4th quarter valued at about $26,000. AlphaCentric Advisors LLC bought a new position in Bill.com in the 4th quarter valued at about $34,000. Brown Brothers Harriman & Co. bought a new position in Bill.com in the 1st quarter valued at about $38,000. CWM LLC raised its holdings in Bill.com by 540.6% in the 1st quarter. CWM LLC now owns 205 shares of the company’s stock valued at $46,000 after acquiring an additional 173 shares during the period. Finally, KB Financial Partners LLC bought a new position in Bill.com in the 4th quarter valued at about $51,000. 99.01% of the stock is currently owned by institutional investors.
A number of research firms recently commented on BILL. The Goldman Sachs Group cut shares of Bill.com to a “buy” rating and lowered their price objective for the company from $320.00 to $216.00 in a research report on Monday, May 9th. Oppenheimer lowered their price objective on shares of Bill.com from $285.00 to $190.00 in a research report on Friday, May 6th. Zacks Investment Research cut shares of Bill.com from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Needham & Company LLC lowered their price objective on shares of Bill.com from $370.00 to $200.00 in a research report on Friday, May 6th. Finally, Citigroup began coverage on shares of Bill.com in a research report on Tuesday, February 1st. They issued a “buy” rating and a $209.00 price objective for the company. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $236.27.
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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