BILL Holdings Inc (BILL US, +1, 29-Aug-24)

Brian Jacobs (Director since 2007) purchased 25,000 shares on August 28th at $53.54, spending $1.3 million. The purchase is his first and takes his direct holdings to 224,524 shares ($12 million). He has made several large sales from 2020-2023, all at higher prices, and some of the larger ones were indirect for Emergence Capital Partners, where he is the Founder and GP. 

We ranked this stock +N on August 27th based on purchases of $2.1 million from Rene Lacerte (Chair, CEO since 2006, co-founder) and $1 million from John Rettig (CFO since 2014), both also making their first purchases. We now have three insiders, all with a long tenure, who have never bought before and are making confident purchases. 

We are upgrading the signal further, from +N to +1 (strongly positive).