Bill Holdings director Alison Wagonfeld sells $70,110 in stock

SAN JOSE—Alison Wagonfeld, a director at BILL Holdings, Inc. (NYSE:BILL), recently sold 779 shares of the company's common stock. The shares were sold at a price of $90 each, amounting to a total transaction value of $70,110. Following this sale, Wagonfeld retains ownership of 259 shares in the company. The sale was executed under a pre-arranged 10b5-1 trading plan, which was adopted on June 5, 2024.

In other recent news, Bill.com has demonstrated significant growth in its financial results, surpassing expectations. The company's third-quarter results marked its first instance of non-GAAP profitability, with revenues reaching $358 million, a 19% year-over-year core revenue increase. This positive performance led to a revised revenue growth forecast for fiscal year 2025, anticipating a 12-13% increase year-over-year, up from the previously projected 10-12%.

Analysts from US Tiger Securities and Mizuho (NYSE:) Securities have reacted positively to these developments. US Tiger Securities upgraded its price target for Bill.com to $25, maintaining a Buy rating, while Mizuho Securities increased its price target from $52 to $64, keeping a Neutral rating. Both firms cited the robust financial results as reasons for their revised stances.

Other recent developments include the addition of over 1,000 accounting firms to the Bill.com platform, bringing the total to more than 8,500 partners. The platform now serves over 475,000 businesses, handling $80 billion in payment volume. Furthermore, Bill.com has repurchased 3.7 million shares worth $200 million, indicating confidence in its growth trajectory and market leadership.

InvestingPro Insights

The recent insider sale by Alison Wagonfeld comes at a time when BILL Holdings, Inc. (NYSE:BILL) is experiencing significant market momentum. According to InvestingPro data, the company's stock has shown impressive returns, with a 60.35% price increase over the past month and a striking 90.22% gain over the last three months. This upward trajectory has pushed the stock to trade near its 52-week high, with the current price at 94.73% of that peak.

Despite the strong recent performance, investors should note that BILL's valuation metrics suggest a premium pricing. The company's P/E ratio stands at a lofty 1170, indicating that the stock is trading at a high earnings multiple. This valuation could be justified by the market's optimistic outlook on BILL's growth prospects, as reflected in an InvestingPro Tip that net income is expected to grow this year.

Another InvestingPro Tip highlights that BILL holds more cash than debt on its balance sheet, which could provide financial flexibility and stability. This strong financial position, combined with the company's impressive gross profit margins of 85.24% for the last twelve months, may contribute to investor confidence in BILL's future performance.

For those seeking a deeper understanding of BILL's financial health and market position, InvestingPro offers 18 additional tips, providing a comprehensive analysis for informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.