BILL Holdings, Inc. (BILL)

Over the past six months, BILL Holdings, Inc. stock has experienced significant events and fluctuations. Activist investor Starboard Value LP disclosed an 8.5% stake in BILL Holdings and began pushing for operational and governance changes. BILL Holdings was exploring strategic options, including a potential sale, in response to activist pressure. The activist pressure resulted in a cooperation agreement between BILL and Starboard, leading to a board refresh. BILL reported its first-quarter fiscal 2026 earnings, surpassing estimates, and raised its fiscal 2026 adjusted EPS guidance. BILL signed partnerships with Oracle NetSuite and Acumatica and introduced BILL AI.

BILL Holdings, Inc.'s products and services exhibit some demand seasonality. The company's fiscal first quarters benefit from strong seasonality.

BILL Holdings, Inc. is a financial technology company that provides automated, cloud-based software for financial operations. The company simplifies, digitizes, and automates back-office financial operations for small and midsize businesses. Its platform automates transactions, connects users with suppliers and customers, eliminates expense reports, manages cash flows, and improves back-office efficiency.

BILL Holdings, Inc. primarily serves small and midsize businesses in the United States. The company's headquarters are located in San Jose, California, U.S.

BILL Holdings, Inc.'s brand reputation has been influenced by strategic developments and activist investor scrutiny. Activist investors publicly criticized stagnant core revenue growth and below-peer profitability margins. The subsequent board refresh and the exploration of a potential sale could signal instability. BILL has continued to introduce new products and expand its offerings, such as BILL AI, and formed partnerships with Oracle NetSuite and Acumatica. BILL is recognized as a leader in financial automation for SMBs.

BILL Holdings, Inc. has significant institutional ownership, ranging from 87.83% to 103.79% of total shares outstanding. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Starboard Value LP. Individual insider ownership is also present, with Peter A. Feld owning 7.01% of the company's shares.