In yesterday’s Wall Street session, BILL Holdings Inc (NYSE:BILL) shares traded at $56.58, down -10.62% from the previous session.
BILL stock price is now -11.81% away from the 50-day moving average and -32.49% away from the 200-day moving average. The market capitalization of the company currently stands at $5.95B.
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With the price target reduced from $70 to $60, Wells Fargo Downgraded its rating from Equal Weight to Underweight for BILL Holdings Inc (NYSE: BILL). On March 13, 2024, Exane BNP Paribas Upgraded its previous ‘Underperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $72, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Cota Germaine, SVP, FINANCE & ACCOUNTING sold 920 shares of the company’s stock on Mar 07 ’24. The stock was sold for $60,113 at an average price of $65.34. Upon completion of the transaction, the SVP, FINANCE & ACCOUNTING now directly owns 5,093 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01 ’24, CLO & CCO Aji Rajesh A. sold 2,529 shares of the business’s stock. A total of $162,280 was realized by selling the stock at an average price of $64.17. This leaves the insider owning 8,652 shares of the company worth $0.49 million. A total of 4.60% of the company’s stock is owned by insiders.
During the past 12 months, BILL Holdings Inc has had a low of $51.94 and a high of $139.50. As of last week, the company has a debt-to-equity ratio of 0.30, a current ratio of 1.63, and a quick ratio of 1.63.
The net profit margin was -4.21% and return on equity was -1.28% for BILL. The company reported revenue of $318.5 million for the quarter, compared to $260.01 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.5 percent.
