SAN JOSE, CA—BILL Holdings Inc. (NYSE:BILL), a $9 billion market cap company specializing in prepackaged software services with impressive gross profit margins of 85%, announced the appointment of two new directors to its board, effective today.
According to InvestingPro data, the company has demonstrated strong financial health and achieved 18.5% revenue growth in the last twelve months. Keri Gohman and Dan Wernikoff have been named as Class I directors, with terms set to expire at the company's 2026 annual meeting of stockholders.
Gohman, 48, brings experience from her recent role as an advisor to CARET, a legal practice management platform, and her tenure as CEO of the same company from February 2022 to July 2024. Her background also includes a partnership at Bain Capital Ventures and leadership roles at Xero Limited. Gohman holds a BA from Liberty University and an MBA from Lynchburg College.
Wernikoff, 53, served as CEO of LegalZoom (NASDAQ:LZ).com, Inc. until July 2024 and has a history of executive positions at Intuit Inc (NASDAQ:INTU). He holds a BA from Miami University and an MBA from the University of Pittsburgh.
The appointments come as directors Peter Kight and Scott Wagner announced their retirement from the board, effective today. Kight will continue to serve in a non-voting advisory capacity as Director Emeritus. The company stated that their retirement was not due to any disagreement with the company's operations, policies, or practices.
With its next earnings report scheduled for January 30, 2025, and a notable 51.7% price return over the past six months, investors are closely watching these leadership changes. InvestingPro subscribers can access 12 additional exclusive tips and a comprehensive Pro Research Report, which provides deep-dive analysis of BILL's financial health, valuation metrics, and growth prospects among 1,400+ top US stocks.
In other recent news, Bill.com has been the subject of several significant developments. KeyBanc Capital Markets maintained a positive outlook on Bill.com, reinforcing an Overweight rating. The firm's confidence is based on recent survey results and discussions, which suggest Bill.com is maintaining its competitive position against Intuit. KeyBanc analysts are projecting revenues and adjusted operating income that surpass Wall Street consensus expectations, largely due to anticipated customer growth.
Goldman Sachs (NYSE:GS) upgraded Bill.com's stock rating from Neutral to Buy, raising the price target to $104 from $96. The upgrade follows impressive gross profit margins of 85.24% and 18.54% year-over-year revenue growth for the company. Goldman Sachs expects structural take rate expansion during the second half of 2025, citing enhancements in virtual card and cross-border capabilities as drivers for growth.
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