Truist Securities Downgrades BILL to 'Hold', Sets $38 Price Target
Truist Securities has downgraded BILL, setting a new price target of $38, a 14.53% upside from the current price.
Key Points
- Truist Securities downgraded BILL to a 'Hold' rating with a $38 price target on June 10, 2026.
- Truist Securities's $38 price target implies 14.53% upside from BILL Holdings, Inc.'s ($BILL) current $33.18 share price.
- BILL shares are trading at $33.18 with significant recent insider sales, including 32,875 shares by the Chief Product Officer.
- Institutional activity shows BlackRock increased its stake by 318,995 shares, now holding 8,357,143 shares valued at $320,078,570.
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Truist Securities has lowered its rating on BILL to 'Hold' and set a price target of $38. This change was made on June 10, 2026, reflecting a more cautious stance on the company's future performance.
Other Institutional Activity in BILL
BlackRock, Inc. increased its holdings in BILL by 318,995 shares, bringing its total to 8,357,143 shares valued at approximately $320,078,570. Wellington Management Group LLP also boosted its position by 976,067 shares, now holding 3,862,663 shares worth about $147,939,993. Meanwhile, ER Collective Holdings, LLC and Starboard Value LP maintained their positions with 8,518,300 and 7,024,848 shares, respectively.
BILL Holdings, Inc. Stock Down 34.0%
Shares of BILL are currently trading at $33.18. The stock's performance has been under scrutiny with recent analyst activity and insider sales. The company's market dynamics are being closely watched by investors.
$BILL price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at BILL Holdings, Inc.
Recent insider activity includes several sales. On May 29, 2026, Michael Cieri, Chief Product Officer, sold 32,875 shares at an average price of $36.64 under a planned sale. On May 28, 2026, Mary Kay Bowman, EVP of Payments and Financial Services, sold 6,976 shares at $34.85, and Kenneth Moss, the Chief Technology Officer, sold 13,031 shares at the same price.
Analysts Set New Price Targets
On June 10, 2026, Truist Securities downgraded BILL to a 'Hold' with a $38 price target. Earlier, on June 5, 2026, JP Morgan maintained its 'Buy' rating with a $50 target. Other firms like Goldman Sachs and Oppenheimer have also maintained 'Buy' ratings with targets around $50.
Bottom Line
The downgrade by Truist Securities reflects a cautious outlook for BILL, which is closely monitored by investors for its institutional activity and insider transactions. The stock's current trading price and recent analyst ratings provide a mixed picture of its potential performance.
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