Bill.com Holdings, Inc. is a holding company, which engages in the provision of cloud-based software solutions. It simplifies, digitizes, and automates complex back-office financial operations for SMBs. The firm's software helps customers to generate and process invoices, streamline approvals, send and receive payments, sync with their accounting system, and manage their cash. The company was founded by Rene Lacertea in August 2, 2018 and is headquartered in Palo Alto, CA.
Shares of recent IPO and automated accounts receivable and accounts payable company Bill.com (NYSE: BILL) closed up 8% in Thursday trading, after rising as much as 10% earlier in the day on support from an upgrade received from investment bank Piper Sandler. Piper Sandler said it was upgrading Bill.com stock -- currently trading just shy of $70 -- to $85 a share, which implies a better than 21% profit potential. Bill.com stock is up 81% over the past year but has fallen 16% from its all-time high that it hit three weeks ago.