Bill.com Holdings, Inc. (NYSE:BILL) Director Thomas Mawhinney Sells 15,000 Shares

Bill.com Holdings, Inc. (NYSE:BILL) Director Thomas Mawhinney sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $86.73, for a total transaction of $1,300,950.00. Following the transaction, the director now directly owns 30,061 shares in the company, valued at approximately $2,607,190.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

NYSE BILL traded up $2.99 on Thursday, hitting $91.30. 2,383,944 shares of the company were exchanged, compared to its average volume of 1,237,490. The firm has a 50 day moving average of $92.05 and a two-hundred day moving average of $70.06. The company has a market cap of $6.74 billion and a P/E ratio of -157.41. Bill.com Holdings, Inc. has a 1-year low of $23.61 and a 1-year high of $107.41.

Bill.com (NYSE:BILL) last released its earnings results on Thursday, August 27th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.09. Bill.com had a negative net margin of 19.73% and a negative return on equity of 8.60%. The company had revenue of $42.11 million for the quarter, compared to the consensus estimate of $38.03 million. During the same period in the prior year, the company posted ($0.04) EPS. The company’s revenue was up 32.9% compared to the same quarter last year. On average, analysts expect that Bill.com Holdings, Inc. will post -0.8 EPS for the current fiscal year.

Several equities research analysts have issued reports on BILL shares. Piper Sandler boosted their price target on shares of Bill.com from $85.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, August 28th. Wells Fargo & Company reissued a “hold” rating on shares of Bill.com in a report on Friday, August 28th. Oppenheimer started coverage on shares of Bill.com in a report on Wednesday, July 29th. They issued an “outperform” rating and a $103.00 price target on the stock. Needham & Company LLC boosted their price target on shares of Bill.com from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Bank of America boosted their price target on shares of Bill.com from $106.00 to $118.00 and gave the company a “buy” rating in a report on Friday, August 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Bill.com currently has an average rating of “Buy” and a consensus price target of $94.82.

Institutional investors have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. acquired a new position in Bill.com during the 2nd quarter valued at about $26,000. American International Group Inc. lifted its position in Bill.com by 108.5% during the 2nd quarter. American International Group Inc. now owns 440 shares of the company’s stock valued at $40,000 after purchasing an additional 229 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Bill.com in the 2nd quarter valued at about $55,000. Asset Management One Co. Ltd. bought a new stake in shares of Bill.com in the 1st quarter valued at about $29,000. Finally, Legal & General Group Plc increased its stake in shares of Bill.com by 84.6% in the 1st quarter. Legal & General Group Plc now owns 923 shares of the company’s stock valued at $32,000 after acquiring an additional 423 shares during the last quarter. Institutional investors own 79.47% of the company’s stock.

About Bill.com

Bill.com Holdings, Inc provides cloud-based software that digitizes and automates back-office financial operations for small and midsize businesses worldwide. It offers artificial-intelligence (AI)-enabled financial software platform. The company provides software-as-a-service, cloud-based payments 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, manage cash flows, and enhance office efficiency.

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