Michelle Stalick Sells 780 Shares of BlackLine (NASDAQ:BL) Stock

BlackLine (NASDAQ:BL) CAO Michelle Stalick sold 780 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $33.65, for a total value of $26,247.00. Following the transaction, the chief accounting officer owned 34,712 shares in the company, valued at approximately $1,168,058.80. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

BlackLine Trading Down 2.2%

NASDAQ BL opened at $32.98 on Friday. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a 50 day simple moving average of $29.89 and a two-hundred day simple moving average of $31.89. The stock has a market cap of $1.92 billion, a P/E ratio of 57.86, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64.

BlackLine (NASDAQ:BL) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The firm had revenue of $187.82 million for the quarter, compared to analyst estimates of $186.99 million. During the same period last year, the company earned $0.51 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. 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, analysts forecast that BlackLine will post 0.98 earnings per share for the current year.

Hedge Funds Weigh In On BlackLine

A number of institutional investors have recently added to or reduced their stakes in BL. Measured Wealth Private Client Group LLC bought a new stake in shares of BlackLine during the 3rd quarter valued at $25,000. Kestra Advisory Services LLC bought a new position in shares of BlackLine in the 4th quarter worth about $28,000. Optiver Holding B.V. lifted its position in BlackLine by 13,828.6% during the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after acquiring an additional 968 shares during the period. Leonteq Securities AG lifted its position in BlackLine by 1,019.6% during the 1st quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after acquiring an additional 989 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in BlackLine by 306.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company’s stock worth $67,000 after acquiring an additional 920 shares in the last quarter. Institutional investors own 95.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BL. Weiss Ratings raised shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. DA Davidson set a $30.00 target price on shares of BlackLine in a research report on Thursday, July 9th. Rosenblatt Securities cut their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Piper Sandler reduced their price target on shares of BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $35.00 price target on shares of BlackLine in a research note on Wednesday, August 5th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.08.

About BlackLine

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.