Atomi Financial Group Inc. Takes Position in BILL Holdings, Inc. (NYSE:BILL)

Atomi Financial Group Inc. acquired a new position in BILL Holdings, Inc. (NYSE:BILL) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,245 shares of the company’s stock, valued at approximately $275,000.

Several other institutional investors have also recently bought and sold shares of BILL. Aigen Investment Management LP increased its stake in shares of BILL by 612.3% in the 3rd quarter. Aigen Investment Management LP now owns 55,561 shares of the company’s stock valued at $2,931,000 after buying an additional 47,761 shares during the period. WoodTrust Financial Corp acquired a new stake in BILL in the third quarter worth about $422,000. Dynamic Technology Lab Private Ltd bought a new stake in BILL during the 3rd quarter worth about $820,000. WCM Investment Management LLC lifted its position in BILL by 26.4% during the 3rd quarter. WCM Investment Management LLC now owns 294,229 shares of the company’s stock valued at $15,647,000 after purchasing an additional 61,471 shares during the period. Finally, Telemark Asset Management LLC acquired a new position in BILL during the 3rd quarter valued at about $7,914,000. Institutional investors own 97.99% of the company’s stock.

Insiders Place Their Bets

In other BILL news, Director Alison Wagonfeld sold 779 shares of BILL stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $90.00, for a total value of $70,110.00. Following the sale, the director now directly owns 259 shares in the company, valued at approximately $23,310. The trade was a 75.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Germaine Cota sold 1,525 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.99, for a total value of $118,934.75. Following the transaction, the senior vice president now directly owns 5,348 shares in the company, valued at $417,090.52. This trade represents a 22.19 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BILL shares. The Goldman Sachs Group raised shares of BILL from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $96.00 to $104.00 in a research note on Thursday, January 9th. Wells Fargo & Company upped their target price on shares of BILL from $55.00 to $65.00 and gave the company an “underweight” rating in a research report on Thursday, January 16th. Keefe, Bruyette & Woods reduced their price target on BILL from $100.00 to $95.00 and set a “market perform” rating on the stock in a research report on Monday, January 6th. Morgan Stanley upgraded BILL from an “equal weight” rating to an “overweight” rating and set a $95.00 price objective for the company in a report on Thursday, January 16th. Finally, Susquehanna increased their target price on BILL from $91.00 to $100.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, BILL has a consensus rating of “Moderate Buy” and an average price target of $85.00.

BILL Stock Up 1.7 %

Shares of BILL stock opened at $93.88 on Monday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of -284.48, a P/E/G ratio of 89.33 and a beta of 1.72. BILL Holdings, Inc. has a 12-month low of $43.11 and a 12-month high of $97.86. The firm has a fifty day moving average of $88.35 and a 200-day moving average of $66.75. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.23.

BILL Company Profile

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.