CLO & CCO Aji Rajesh A. sold 2,291 shares of Bill.com Holdings Inc. [BILL]

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 $366,697 were sold by Aji Rajesh A. on Sep 15. At $160.06 per share, Aji Rajesh A. sold 2,291 shares. The insider’s holdings dropped to 4,100 shares worth approximately $0.57 million following the completion of this transaction.


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Also, Chung Bora sold 9,921 shares, netting a total of over 1,608,091 in proceeds. Following the sale of shares at $162.09 each, the insider now holds 616 shares.

Before that, Lacerte Rene A. had sold 6,248 shares from its account. In a trade valued at $1,093,709, the President and CEO traded Bill.com Holdings Inc. shares for $175.05 each. Upon closing the transaction, the insider’s holdings decreased to 6,248 shares, worth approximately $10.57 million.

As published in their initiating research note from Susquehanna on September 15, 2022, Bill.com Holdings Inc. [BILL] has been a Positive and the price target has been revised to $190. This represents a 27.09% premium over Wednesday’s closing price. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. Earlier on May 20, 2022, JP Morgan initiated its rating. Their recommendation was “an Overweight” for BILL stock.

Analyzing BILL’s Price Performance

On Wednesday, Bill.com Holdings Inc. [NYSE: BILL] plunged -2.49% to $138.52. The stock’s lowest price that day was $137.76, but it reached a high of $146.99 in the same session. During the last five days, there has been a drop of approximately -15.08%. Over the course of the year, Bill.com Holdings Inc. shares have dropped approximately -44.40%. 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 $148.23, while a 200-day SMA reached $174.87. Nevertheless, trading volume fell to 1.61 million shares from 1.43 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 135.19, which, if violated, would cause prices to drop to 131.86. In the upper region, resistance lies at 144.42. The next price resistance is at 150.32. RSI (Relative Strength Index) is 39.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -13.04, which suggests the price will decrease in the coming days. Percent R is at 97.99%, indicating bearish price movement. Stochastics %K at buying 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 Jul 14, 2022 dropping by -0.55 million shares to 6.35 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.9 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 3.85 of the overall float, the days-to-cover ratio (short ratio) decline to 3.85.

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

According to T. Rowe Price Associates, Inc. filings, the company currently owns 13,339,521 shares, which is about 12.72% of the total BILL shares outstanding. The investor’s shares have appreciated by 98,357 from its previous 13-F filing of 13241164.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,416,892,094. Morgan Stanley Investment Managem acquire a 0.03% interest valued at $1.09 billion while Capital Research & Management Co purchased a 323,779 stake. A total of 61,447 shares of Bill.com Holdings Inc. were bought by Temasek Holdings Pte Ltd. during the quarter, and -171,286 were sold by BlackRock Fund Advisors. In its current portfolio, Franklin Advisers, Inc. holds 3,568,183 shares valued at $577.62 million.

In terms of Bill.com Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $209.48 in the next 12 months, up nearly 51.34% from the previous closing price of $142.06. Analysts anticipate Bill.com Holdings Inc. stock to reach $300.00 by 2022, with the lowest price target being $120.00. In spite of this, 22 analysts ranked Bill.com Holdings Inc. stock as a Buy at the end of 2022. On April 05, 2022, Wells Fargo assigned a price target of “an Overweight” to the stock and initiated coverage with a $284.

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