Bridgefront Capital LLC Buys Shares of 1,868 Bill.com Holdings, Inc. (NYSE:BILL)

Bridgefront Capital LLC purchased a new position in Bill.com Holdings, Inc. (NYSE:BILL – Get Rating) during the third quarter, HoldingsChannel.com reports. The fund purchased 1,868 shares of the company’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pelion Inc. bought a new position in Bill.com in the third quarter worth about $164,455,000. Abdiel Capital Advisors LP raised its position in shares of Bill.com by 158.0% during the 2nd quarter. Abdiel Capital Advisors LP now owns 1,988,067 shares of the company’s stock worth $218,568,000 after purchasing an additional 1,217,399 shares during the period. Marshall Wace LLP lifted its holdings in shares of Bill.com by 17,470.0% in the 3rd quarter. Marshall Wace LLP now owns 386,541 shares of the company’s stock worth $51,164,000 after purchasing an additional 384,341 shares during the last quarter. Artisan Partners Limited Partnership boosted its position in Bill.com by 40.3% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,187,399 shares of the company’s stock valued at $157,176,000 after purchasing an additional 341,359 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Bill.com by 25.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,616,806 shares of the company’s stock valued at $177,752,000 after purchasing an additional 324,354 shares during the period. 95.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Rajesh A. Aji sold 847 shares of Bill.com stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.00, for a total value of $83,853.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Bill.com news, CFO John R. Rettig sold 6,008 shares of the business’s stock in a transaction on Monday, February 6th. The shares were sold at an average price of $93.01, for a total transaction of $558,804.08. Following the sale, the chief financial officer now directly owns 26,818 shares of the company’s stock, valued at approximately $2,494,342.18. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Rajesh A. Aji sold 847 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $99.00, for a total value of $83,853.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,023 shares of company stock worth $1,263,303. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BILL. BTIG Research cut Bill.com from a “buy” rating to a “neutral” rating in a research note on Friday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price objective on shares of Bill.com in a research report on Friday, March 3rd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Bill.com from $200.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, January 24th. Robert W. Baird began coverage on Bill.com in a report on Thursday. They set a “neutral” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on Bill.com from $180.00 to $138.00 and set an “overweight” rating for the company in a research report on Friday, February 3rd. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Bill.com currently has a consensus rating of “Moderate Buy” and an average target price of $158.30.

Bill.com Price Performance

Shares of Bill.com stock opened at $76.63 on Friday. Bill.com Holdings, Inc. has a 52 week low of $68.30 and a 52 week high of $244.89. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The stock has a market cap of $8.15 billion, a PE ratio of -23.01 and a beta of 1.99. The company’s 50-day moving average price is $96.34 and its two-hundred day moving average price is $116.27.

Bill.com (NYSE:BILL – Get Rating) last released its earnings results on Thursday, February 2nd. The company reported ($0.61) EPS for the quarter, topping analysts’ consensus estimates of ($0.88) by $0.27. The business had revenue of $260.01 million for the quarter, compared to the consensus estimate of $242.59 million. Bill.com had a negative net margin of 40.65% and a negative return on equity of 6.23%. As a group, sell-side analysts anticipate that Bill.com Holdings, Inc. will post -2 EPS for the current fiscal year.

About Bill.com

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Bill.com Holdings, Inc provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.