Accounts payable

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

Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) CEO Rene A. Lacerte sold 6,248 shares of Bill.com in a trade that took place Monday, September 12. The shares were sold at an average price of $175.05, for a total transaction of $1,093,712.40. Following the sale, the CEO now directly owns 76,301 shares of the company, valued at $13,356,490.05. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Bill.com is trading down 5.8%

Shares of NYSE BILL traded down $10.01 at midday Tuesday, hitting $162.34. The stock had a trading volume of 1,809,313 shares, compared to an average volume of 2,246,276. The company has a market capitalization of $17.02 billion, a price-earnings ratio of -50.30 and a beta of 2.15. Bill.com Holdings, Inc. has a 12-month low of $89.87 and a 12-month high of $348.49. The company has a debt ratio of 0.42, a quick ratio of 1.84 and a current ratio of 1.84. The company’s 50-day moving average price is $145.27 and its 200-day moving average price is $157.14.

Bill.com (NYSE:BILL – Get Rating) last released its results on Thursday, August 18. The company reported ($0.58) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.68) by $0.10. Bill.com had a negative net margin of 51.22% and a negative return on equity of 5.13%. The company posted revenue of $200.22 million for the quarter, versus a consensus estimate of $183.10 million. In the same quarter of the previous year, the company achieved EPS of ($0.44). Bill.com’s quarterly revenue increased 155.8% over the same quarter last year. As a group, sell-side analysts expect Bill.com Holdings, Inc. to post year-to-date EPS of -2.17.

Institutional entries and exits

A d Legacy search

Market Wizard Who Accurately Predicted 2022 Market Crash Has Shocking New Predictions

He predicted 2020’s crash a month before it happened… He predicted this year’s crash in January… And now he’s issuing a brand new warning – with a unique solution.

A number of institutional investors have recently changed their BILL holdings. AlphaCentric Advisors LLC acquired a new position in shares of Bill.com during the 4th quarter at a value of $34,000. Brown Brothers Harriman & Co. acquired a new position in shares of Bill.com during Q1 worth $38,000. Seaport Global Advisors LLC acquired a new position in shares of Bill.com during Q2 worth $43,000. Quadrant Capital Group LLC increased its position in Bill.com shares by 91.7% during the second quarter. Quadrant Capital Group LLC now owns 395 shares of the company valued at $43,000 after acquiring an additional 189 shares during the period. Finally, CWM LLC increased its position in shares of Bill.com by 540.6% during the 1st quarter. CWM LLC now owns 205 shares of the company valued at $46,000 after acquiring an additional 173 shares during the period. Institutional investors and hedge funds own 95.85% of the company’s shares.

Wall Street analysts predict growth

Several equity research analysts have recently released reports on the stock. Evercore ISI raised its price target on Bill.com shares to $165.00 in a Monday, August 22 report. Jefferies Financial Group raised its price target on Bill.com shares from $150.00 to $180.00 in a Friday, August 19 report. Oppenheimer raised his price target on Bill.com shares from $150.00 to $200.00 in a Friday, August 19 report. JPMorgan Chase & Co. raised its price target on Bill.com shares from $200.00 to $222.00 and gave the stock an “overweight” rating in a Friday, Aug. 19 research report. Finally, Morgan Stanley launched a hedge on Bill.com shares in a research report on Monday. They set an “overweight” rating and a target price of $220.00 on the stock. One equity research analyst gave the stock a hold rating and sixteen gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.50.

Bill.com Company Profile

(Get an assessment)

Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and medium businesses around the world. The company provides software as a service, cloud-based payments and expense management products, which enable users to automate accounts payable and accounts receivable transactions, as well as enable users to log in with their suppliers and/or customers to do business. , eliminate expense reports, manage cash flow and improve office efficiency.

Further reading

Insider buying and selling by quarter for Bill.com (NYSE:BILL)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Bill.com, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Bill.com wasn’t on the list.

Although Bill.com currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here