Bill Holdings CEO Rene Lacerte sells $12.5m in company stock

Rene A. Lacerte, CEO and a director of BILL Holdings, Inc. (NASDAQ:BILL), sold 247,243 shares of company common stock for a total value of approximately $12,529,254, according to a recent SEC Form 4 filing. The transactions occurred on September 2 and 3, 2026, with shares sold at prices ranging from $47.25 to $50.80 per share. All sales were executed pursuant to a Rule 10b5-1 trading plan adopted by Lacerte on June 3, 2026.The insider sale comes as BILL trades at $49.16, with the stock showing a 9% gain over the past six months. According to InvestingPro analysis, the company appears undervalued at current levels, joining other opportunities on the platform’s Most Undervalued stocks list.

On September 2, Mr. Lacerte directly disposed of 40,357 shares at a reported average price of $47.9971 per share, and an additional 100,899 shares at a reported average price of $48.5855 per share.

Indirect sales on September 2 included:

11,765 shares and 26,974 shares, held by the Makahakama Trust, for reported average prices of $48.0125 and $48.5941 per share, respectively. Rene A. Lacerte and Joyce A. Chung serve as trustees for this trust.

10,636 shares and 24,364 shares, held by the Makahakama Foundation, for reported average prices of $48.0125 and $48.5941 per share, respectively.

On September 3, indirect sales continued with:

10,970 shares and 10,154 shares, held by a trust for which Mr. Lacerte and his spouse serve as trustees, for reported average prices of $49.8636 and $50.4975 per share, respectively.

15,372 shares and 5,752 shares, held by an additional trust for which Mr. Lacerte and his spouse serve as trustees, for reported average prices of $50.0148 and $50.6211 per share, respectively.

Following these transactions, Mr. Lacerte no longer directly holds common stock. His indirect beneficial ownership includes 87,828 shares and 60,854 shares through the Makahakama Trust, 194,364 shares and 170,000 shares through the Makahakama Foundation, 173,279 shares and 163,125 shares through a trust where he and his spouse are trustees, and 168,877 shares and 163,125 shares through an additional trust where he and his spouse are trustees. He also indirectly holds 1,708,749 shares through the Chung Lacerte Trust and 135,000 shares through a family trust.BILL maintains an impressive gross profit margin of 84% on revenue of $1.65 billion. While the company posted a loss of $0.11 per share over the last twelve months, 16 analysts have revised earnings upward for the upcoming period. For deeper insights into BILL’s financial health and access to exclusive ProTips, visit InvestingPro, where the company is featured in a comprehensive Pro Research Report.

In other recent news, Bill.com Holdings Inc. reported fiscal fourth-quarter 2026 earnings that surpassed Wall Street expectations. The company achieved adjusted earnings of $0.84 per share, exceeding the forecasted $0.70, and generated revenue of $436.2 million, surpassing the expected $430.37 million. UBS has raised its price target for Bill.com to $60, maintaining a Buy rating, citing margin expansion and noting the company’s fiscal 2027 core revenue growth guidance of approximately 13% year-over-year. Needham also reiterated a Buy rating with a $75 price target, highlighting Bill.com’s strong fourth-quarter results and the company’s strategic shift toward higher-quality customers. The company has implemented an accounting presentation change and is benefiting from stronger margins and growing adoption of its AI-driven products. Despite some near-term growth challenges, management emphasized the positive impact of a major restructuring. These developments reflect the company’s ongoing efforts to strengthen its market position.