BlackLine (NASDAQ:BL) Director Sells $2,237,200.00 in Stock

BlackLine (NASDAQ:BL) Director Therese Tucker sold 70,000 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $31.96, for a total value of $2,237,200.00. Following the completion of the sale, the director directly owned 381,557 shares in the company, valued at approximately $12,194,561.72. This represents a 15.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BlackLine Stock Performance

BlackLine stock opened at $32.98 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $1.92 billion, a P/E ratio of 57.86, a PEG ratio of 2.24 and a beta of 0.64. The stock’s 50 day moving average is $29.89 and its 200 day moving average is $31.89. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57.

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 analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $187.82 million during the quarter, compared to analyst estimates of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. 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, equities research analysts predict that BlackLine will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Two Sigma Securities LLC lifted its holdings in shares of BlackLine by 4.7% during the second quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company’s stock valued at $377,000 after purchasing an additional 301 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of BlackLine by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 5,335 shares of the technology company’s stock valued at $295,000 after buying an additional 319 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in BlackLine by 8.4% in the 4th quarter. Boothbay Fund Management LLC now owns 4,555 shares of the technology company’s stock worth $252,000 after buying an additional 352 shares in the last quarter. Blue Trust Inc. increased its holdings in BlackLine by 5.0% in the 1st quarter. Blue Trust Inc. now owns 7,516 shares of the technology company’s stock worth $278,000 after buying an additional 359 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC purchased a new position in BlackLine in the 3rd quarter worth about $25,000. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

BL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. BMO Capital Markets increased their price objective on shares of BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a research report on Wednesday, May 6th. Citigroup reduced their price objective on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Robert W. Baird set a $35.00 target price on shares of BlackLine in a report on Wednesday, August 5th. Finally, Weiss Ratings upgraded shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average 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.