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 $83,853 were sold by Aji Rajesh A. on Feb 15. At $99.00 per share, Aji Rajesh A. sold 847 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Aji Rajesh A. sold 160 shares, netting a total of over 15,040 in proceeds. Following the sale of shares at $94.00 each, the insider now holds 847 shares.
Before that, Rettig John R. had sold 6,008 shares from its account. In a trade valued at $558,804, the CFO traded Bill.com Holdings Inc. shares for $93.01 each. Upon closing the transaction, the insider’s holdings decreased to 6,008 shares, worth approximately $2.26 million.
As published in a research note from SMBC Nikko on February 03, 2023, Bill.com Holdings Inc. [BILL] has been rated down from an Outperform to a Neutral and the price target has been revised to $110 from $140. This represents a 23.47% premium over Wednesday’s closing price. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early February. As of February 03, 2023, BMO Capital Markets has decreased its “an Outperform” rating to a “Market perform” for BILL. Earlier on January 27, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for BILL stock.
Analyzing BILL Stock Performance
On Wednesday, Bill.com Holdings Inc. [NYSE: BILL] plunged -0.53% to $84.18. The stock’s lowest price that day was $83.58, but it reached a high of $85.91 in the same session. During the last five days, there has been a drop of approximately -6.36%. Over the course of the year, Bill.com Holdings Inc. shares have dropped approximately -22.74%. Shares of the company reached a 52-week high of $132.13 on 02/02/23 and a 52-week low of $83.58 on 03/01/23. A 50-day SMA is recorded $102.31, while a 200-day SMA reached $123.36. Nevertheless, trading volume fell to 2.05 million shares from 1.91 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 83.20, which, if violated, would cause prices to drop to 82.23. In the upper region, resistance lies at 85.53. The next price resistance is at 86.89. RSI (Relative Strength Index) is 35.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.32, which suggests the price will decrease in the coming days. Percent R is at 97.12%, 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 Jan 30, 2023 dropping by -0.69 million shares to 8.32 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 9.01 million shares. A decline of -8.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.22 of the overall float, the days-to-cover ratio (short ratio) decline to 4.22.
Which companies own the most shares of Bill.com Holdings Inc. (BILL)?
According to T. Rowe Price Associates, Inc. filings, the company currently owns 12,250,757 shares, which is about 11.59% of the total BILL shares outstanding. The investor’s shares have appreciated by 1,858,460 from its previous 13-F filing of 10392297.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $1,058,449,880. Morgan Stanley Investment Managem acquire a 8.04% interest valued at $958.47 million while Temasek Holdings Pte Ltd. sold a -837 stake. A total of 167,980 shares of Bill.com Holdings Inc. were sold by BlackRock Fund Advisors during the quarter, and -736,062 were sold by Capital Research & Management Co. In its current portfolio, Franklin Advisers, Inc. holds 2,865,549 shares valued at $331.31 million.