Telemark Asset Management LLC Invests $7.91 Million in BILL Holdings, Inc. (NYSE:BILL)

Telemark Asset Management LLC bought a new position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company's stock, valued at approximately $7,914,000. Telemark Asset Management LLC owned 0.14% of BILL as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of BILL by 75.0% during the first quarter. Advisors Asset Management Inc. now owns 658 shares of the company's stock valued at $45,000 after acquiring an additional 282 shares during the period. Versant Capital Management Inc bought a new stake in BILL in the 2nd quarter valued at about $46,000. Venturi Wealth Management LLC grew its position in BILL by 377.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,290 shares of the company's stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. UniSuper Management Pty Ltd increased its stake in shares of BILL by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,400 shares of the company's stock valued at $96,000 after purchasing an additional 700 shares during the period. Finally, Covestor Ltd raised its holdings in shares of BILL by 15.1% during the third quarter. Covestor Ltd now owns 1,897 shares of the company's stock valued at $100,000 after buying an additional 249 shares during the last quarter. 97.99% of the stock is currently owned by institutional investors.

BILL Trading Up 1.7 %

Shares of NYSE:BILL traded up $1.53 during mid-day trading on Friday, hitting $91.51. The stock had a trading volume of 1,441,330 shares, compared to its average volume of 1,924,224. The company's 50 day moving average is $61.45 and its 200-day moving average is $55.23. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $92.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $9.47 billion, a PE ratio of -277.30 and a beta of 1.59.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.46 by $0.11. The business had revenue of $343.67 million during the quarter, compared to analysts' expectations of $328.27 million. BILL had a net margin of 0.59% and a return on equity of 1.54%. The firm's quarterly revenue was up 16.1% compared to the same quarter last year. During the same period last year, the company posted $0.10 earnings per share. On average, sell-side analysts predict that BILL Holdings, Inc. will post -0.18 EPS for the current year.

Insider Buying and Selling

In other news, Director Alison Wagonfeld sold 519 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $57.50, for a total transaction of $29,842.50. Following the transaction, the director now owns 1,038 shares in the company, valued at $59,685. This represents a 33.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Jacobs bought 5,000 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $53.16 per share, for a total transaction of $265,800.00. Following the completion of the acquisition, the director now owns 9,559 shares of the company's stock, valued at approximately $508,156.44. This represents a 109.67 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 68,372 shares of company stock worth $3,404,826 and sold 6,112 shares worth $398,910. 4.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BILL shares. Wolfe Research lowered BILL from an "outperform" rating to a "peer perform" rating in a report on Thursday, August 1st. Mizuho decreased their price target on BILL from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Wednesday, August 28th. Piper Sandler lifted their price objective on shares of BILL from $60.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. The Goldman Sachs Group increased their target price on shares of BILL from $60.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Finally, Robert W. Baird boosted their price target on shares of BILL from $62.00 to $74.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, BILL has an average rating of "Hold" and a consensus price target of $74.65.

About BILL

BILL Holdings, Inc provides financial automation software 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.