10 Technology Stocks with Insider Buying in 2024

2. BILL Holdings Inc. (NYSE:BILL)

Number of Hedge Fund Holders: 64

BILL Holdings Inc. (NYSE:BILL) is a leading financial technology company that provides cloud-based software solutions for small and midsize businesses to automate accounts payable, accounts receivable, and expense management. Its platform streamlines financial operations by integrating with accounting software, enabling faster payments, improved cash flow management, and enhanced financial visibility. Serving a wide range of industries, BILL helps businesses digitize back-office functions, reducing manual processes and increasing efficiency. It is one of the tech stocks with insider buying.

The shares of BILL Holdings Inc. (NYSE:BILL) went sideways for most of 2024 as the company reported mixed results due to a challenging macroeconomic environment for small and medium-sized businesses. While revenue growth was positive at 22% in FY2024, guidance for FY2025 was slower, in the mid-teens only, and some headwinds from FX and declining stand-alone subscription revenue still persisted. Nevertheless, BILL recovered and delivered strong financial results in the latest quarter, with 16% YoY core revenue growth and significant margin expansion. The platform served more than 480,000 businesses, processing nearly $85 billion in payment volume across 30 million transactions.

BILL Holdings Inc. (NYSE:BILL) demonstrated progress in strategic initiatives, including expanding card adoption among AP and AR customers which more than tripled over the past 2 years, and advancing its invoice financing product which has served over 30,000 vendors with more than $800 million in advances. Looking ahead, management is focusing on penetrating the market opportunity with differentiated solutions while maintaining profitable growth, as evidenced by their reaffirmed core revenue guidance and enhanced profitability outlook. Over the long term, they also plan to implement several strategic initiatives to drive payment monetization expansion, including launching new products, enhancing payment experiences, working closely with suppliers and accountants, and pursuing an embedded solutions strategy. All in all, the optimistic outlook is further reinforced by significant insider buying in the last months.