BlackLine $BL Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lowered its position in BlackLine (NASDAQ:BL) by 51.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,371 shares of the technology company’s stock after selling 53,861 shares during the period. WINTON GROUP Ltd owned approximately 0.08% of BlackLine worth $2,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of BlackLine in the 3rd quarter worth approximately $25,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of BlackLine in the 3rd quarter worth approximately $38,000. MAI Capital Management grew its holdings in shares of BlackLine by 10,000.0% in the 3rd quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after acquiring an additional 700 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of BlackLine in the 4th quarter worth approximately $40,000. Finally, Bessemer Group Inc. grew its holdings in shares of BlackLine by 22.9% in the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after acquiring an additional 184 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Buying and Selling at BlackLine

In other BlackLine news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction on Thursday, May 21st. The stock was 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 of the company’s stock, valued at $234,588.75. This represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BL shares. Cantor Fitzgerald lowered their price target on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of BlackLine in a research note on Thursday. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research note on Tuesday, April 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 target price on shares of BlackLine in a research note on Wednesday, May 6th. Finally, DA Davidson reduced their target price on BlackLine from $45.00 to $35.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $43.67.

BlackLine Price Performance

BL stock opened at $28.66 on Monday. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70. The stock’s 50 day moving average price is $31.13 and its 200 day moving average price is $42.34. The firm has a market cap of $1.68 billion, a P/E ratio of 66.65 and a beta of 0.66.

BlackLine (NASDAQ:BL) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. During the same quarter in the prior year, the company earned $0.49 EPS. BlackLine’s 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. On average, sell-side analysts expect that BlackLine will post 1.1 earnings per share for the current fiscal year.

BlackLine 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.