BlackLine $BL Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in BlackLine (NASDAQ:BL) by 196.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 41,647 shares of the technology company’s stock after acquiring an additional 27,586 shares during the quarter. Quantinno Capital Management LP’s holdings in BlackLine were worth $1,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of BlackLine by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after acquiring an additional 1,814 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in BlackLine by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock worth $7,978,000 after purchasing an additional 7,228 shares in the last quarter. Intech Investment Management LLC increased its holdings in BlackLine by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 5,682 shares during the period. Strs Ohio acquired a new stake in BlackLine in the 1st quarter valued at about $82,000. Finally, Invesco Ltd. raised its position in BlackLine by 36.6% in the 2nd quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock valued at $13,321,000 after purchasing an additional 63,068 shares in the last quarter. 95.13% of the stock is currently owned by hedge funds and other institutional investors.

BlackLine Trading Up 1.1%

BL opened at $28.42 on Thursday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The business’s 50 day moving average is $29.03 and its two-hundred day moving average is $33.17. The firm has a market cap of $1.65 billion, a price-to-earnings ratio of 49.86, a price-to-earnings-growth ratio of 1.86 and a beta of 0.64.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $187.82 million during the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, research analysts predict that BlackLine will post 0.98 EPS for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on BL shares. Wall Street Zen lowered shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price objective (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Truist Financial decreased their price objective on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Finally, Bank of America assumed coverage on shares of BlackLine in a research note on Tuesday, May 12th. They set an “underperform” rating and a $26.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.08.

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.