Saturday, June 25, 2022

A company insider recently sold 9,871 shares of Bill.com Holdings Inc. [BILL]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Bill.com Holdings Inc. shares valued at $1,094,035 were sold by Chung Bora on Jun 15. At $110.83 per share, Chung Bora sold 9,871 shares. The insider’s holdings dropped to 616 shares worth approximately $69540.24 following the completion of this transaction.


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Also, Aji Rajesh A. sold 802 shares, netting a total of over 96,130 in proceeds. Following the sale of shares at $119.86 each, the insider now holds 4,793 shares.

Before that, Chung Bora had sold 1,173 shares from its account. In a trade valued at $140,597, the Chief Experience Officer traded Bill.com Holdings Inc. shares for $119.86 each. Upon closing the transaction, the insider’s holdings decreased to 1,173 shares, worth approximately $0.18 million.

As published in their initiating research note from JP Morgan on May 20, 2022, Bill.com Holdings Inc. [BILL] has been an Overweight and the price target has been revised to $140. This represents a 19.36% premium over Wednesday’s closing price. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in early April. As of February 04, 2022, Oppenheimer has reiterated its “an Outperform” rating for BILL. Earlier on February 04, 2022, KeyBanc Capital Markets resumed its rating. Their recommendation was “an Overweight” for BILL stock.

Analyzing BILL’s Price Performance

On Wednesday, Bill.com Holdings Inc. [NYSE: BILL] rose 0.07% to $112.89. The stock’s lowest price that day was $109.63, but it reached a high of $119.80 in the same session. During the last five days, there has been a surge of approximately 6.53%. Over the course of the year, Bill.com Holdings Inc. shares have dropped approximately -54.69%. Shares of the company reached a 52-week high of $262.17 on 02/10/22 and a 52-week low of $89.87 on 05/12/22. A 50-day SMA is recorded $139.71, while a 200-day SMA reached $221.90. Nevertheless, trading volume fell to 1.76 million shares from 1.25 million shares the previous day.

Support And Resistance Levels for Bill.com Holdings Inc. (BILL)

According to the 24-hour chart, there is a support level at 108.41, which, if violated, would cause prices to drop to 103.94. In the upper region, resistance lies at 118.58. The next price resistance is at 124.28. RSI (Relative Strength Index) is 44.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.27, which suggests the price will decrease in the coming days. Percent R is at 71.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Bill.com Holdings Inc. subject to short interest?

Stocks of Bill.com Holdings Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.59 million shares to 6.81 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.4 million shares. A decline of -8.66% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.81 of the overall float, the days-to-cover ratio (short ratio) decline to 4.81.

Which companies own the most shares of Bill.com Holdings Inc. (BILL)?

According to T. Rowe Price Associates, Inc. filings, the company currently owns 13,241,164 shares, which is about 12.70% of the total BILL shares outstanding. The investor’s shares have appreciated by 3,930,663 from its previous 13-F filing of 9310501.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $1,023,726,295. Morgan Stanley Investment Managem acquire a 5.27% interest valued at $796.29 million while Capital Research & Management Co purchased a 633,046 stake. A total of 0 shares of Bill.com Holdings Inc. were bought by Temasek Holdings Pte Ltd. during the quarter, and 314,962 were bought by BlackRock Fund Advisors. In its current portfolio, Kayne Anderson Rudnick Investment holds 3,899,439 shares valued at $461.07 million.

In terms of Bill.com Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $200.39 in the next 12 months, up nearly 75.07% from the previous closing price of $112.81. Analysts anticipate Bill.com Holdings Inc. stock to reach $300.00 by 2022, with the lowest price target being $125.00. In spite of this, 19 analysts ranked Bill.com Holdings Inc. stock as a Buy at the end of 2022. On February 04, 2022, Evercore ISI assigned a price target of “an In-line” to the stock and reiterated coverage with a $200.

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