19,290 Shares in BlackLine $BL Acquired by Inceptionr LLC

Inceptionr LLC bought a new stake in shares of BlackLine (NASDAQ:BL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 19,290 shares of the technology company’s stock, valued at approximately $714,000.

Several other hedge funds have also made changes to their positions in BL. Louisiana State Employees Retirement System bought a new position in BlackLine during the 1st quarter worth about $821,000. Teacher Retirement System of Texas raised its holdings in shares of BlackLine by 5,776.8% in the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after purchasing an additional 467,571 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of BlackLine by 2,609.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 113,197 shares of the technology company’s stock valued at $6,259,000 after purchasing an additional 109,019 shares in the last quarter. Cinctive Capital Management LP lifted its position in shares of BlackLine by 30.5% in the 4th quarter. Cinctive Capital Management LP now owns 199,544 shares of the technology company’s stock worth $11,033,000 after purchasing an additional 46,688 shares during the period. Finally, Norges Bank purchased a new stake in shares of BlackLine in the 4th quarter worth approximately $80,787,000. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BL. Rosenblatt Securities cut their price objective on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. BMO Capital Markets upped their target price on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, May 6th. Wall Street Zen cut BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Citigroup cut their price target on BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Finally, Bank of America initiated coverage on BlackLine in a report on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price target on the stock. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $41.83.

BlackLine Trading Up 4.7%

NASDAQ:BL opened at $28.74 on Friday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 66.84 and a beta of 0.66. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18. The firm has a 50 day moving average of $28.65 and a 200 day moving average of $35.45.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. During the same period in the prior year, the firm posted $0.49 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, sell-side analysts anticipate that BlackLine will post 1.1 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gregory Hughes sold 1,637 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the transaction, the director owned 7,755 shares in the company, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the sale, the director owned 16,692 shares of the company’s stock, valued at $475,388.16. This trade represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 9.10% of the stock is currently owned by company insiders.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.