BILL (BILL Holdings Inc.) may reap gains as insiders became active recently

BILL Holdings Inc.’s recently made public that its CFO Rettig John R. unloaded Company’s shares for reported $1.06 million on Aug 30. In the deal valued at $112.25 per share,9,416 shares were sold. As a result of this transaction, Rettig John R. now holds 28,866 shares worth roughly $ 3.36 million.

Then, Aji Rajesh A. sold 3,304 shares, generating $370,605 in total proceeds. Upon selling the shares at $112.17, the CLO & CCO now owns 0 shares.

Before that, Cota Germaine sold 675 shares. BILL Holdings Inc. shares valued at $74,668 were divested by the SVP, Finance & Accounting at a price of $110.62 per share. As a result of the transaction, Cota Germaine now holds 2,972 shares, worth roughly $0.35 million.

BMO Capital Markets reiterated its BILL Holdings Inc. [BILL] rating to a Market perform in a research note published on Friday, August 18, 2023; the price target was $116. PT values the company’s stock at a premium of -0.39 to its Friday closing price.

Price Performance Review of BILL

On Friday, BILL Holdings Inc. [NYSE:BILL] saw its stock jump 1.00% to $116.45. On the same session, the stock had its day’s lowest price of $115.63, but rose to a high of $118.735. Over the last five days, the stock has gained 10.63%. BILL Holdings Inc. shares have risen nearly 6.87% since the year began. Nevertheless, the stocks have fallen -28.06% over the past one year. While a 52-week high of $175.54 was reached on 07/19/23, a 52-week low of $68.30 was recorded on 03/13/23. SMA at 50 days reached $115.84, while 200 days put it at $101.97. A total of 1.19 million shares were traded, compared to the trading of 1.48 million shares in the previous session.

Levels Of Support And Resistance For BILL Stock

The 24-hour chart illustrates a support level at 115.14, which if violated will result in even more drops to 113.83. On the upside, there is a resistance level at 118.25. A further resistance level may holdings at 120.04. The Relative Strength Index (RSI) on the 14-day chart is 57.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.25%. Stochastics %K at 93.46% indicates the stock is a selling.

How much short interest is there in BILL Holdings Inc.?

A steep rise in short interest was recorded in BILL Holdings Inc. stocks on Aug 14, 2023, dropping by -0.97 million shares to a total of 6.98 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.95 million shares. There was a decline of -13.9%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 7.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.93.

BILL Holdings Inc. [BILL] – Who Are The Largest Shareholders?

In filings from T. Rowe Price Associates, Inc., it is revealed that the company now owns 12,456,526 shares, or roughly 11.72% of the outstanding BILL shares. In other words, the investor’s shares have risen by 59,820 from its previous 13-F filing of 12396706.0. Additionally, Morgan Stanley Investment Managem decreased -5.36% of its stake after which the total value it holdings stand at $1,299,457,938, while The Vanguard Group, Inc. added 1.97% of its stake to hold $1.18 billion in the firm. At present, BlackRock Fund Advisors is holding 4,025,493 shares valued at $504.56 million. Franklin Advisers, Inc. owned 2,894,155 shares of the company at the time of its most recent 13F filing, worth $362.75 million.

However, 27 analysts have rated BILL stock as an Overweight in their predictions for 2023.