BlackLine (NASDAQ:BL) Stock Price Target Lowered at Piper Sandler

BlackLine (NASDAQ:BL) had its price target cut by Piper Sandler from $35.00 to $30.00 in a research report released on Friday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on BL. Scotiabank cut shares of BlackLine to an “outperform” rating in a research report on Tuesday, July 21st. Morgan Stanley lowered BlackLine from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $50.00 to $33.00 in a research report on Tuesday, July 21st. Wall Street Zen cut BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings restated a “sell (d+)” rating on shares of BlackLine in a research note on Monday, October 26th. Finally, DA Davidson downgraded BlackLine from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $30.00 to $23.00 in a research report on Monday, September 28th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.08.

BlackLine Trading Down 23.1%

Shares of BL traded down $7.78 during trading hours on Friday, hitting $25.89. The stock had a trading volume of 2,628,017 shares, compared to its average volume of 963,538. 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 firm has a market cap of $1.50 billion, a P/E ratio of 39.23, a P/E/G ratio of 2.23 and a beta of 0.67. The company’s fifty day simple moving average is $30.35 and its 200 day simple moving average is $32.59. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57.

BlackLine (NASDAQ:BL) last issued its earnings results on Thursday, November 5th. The technology company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.01. BlackLine had a return on equity of 20.89% and a net margin of 4.75%. The firm had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $194.17 million. During the same quarter last year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities research analysts forecast that BlackLine will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Michelle D. Stalick sold 780 shares of BlackLine stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the sale, the chief accounting officer owned 34,712 shares of the company’s stock, valued at $1,168,058.80. The trade was a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Therese Tucker sold 70,000 shares of the business’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the completion of the transaction, the director owned 381,557 shares in the company, valued at $12,194,561.72. This represents a 15.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 9.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. ICONIQ Capital LLC acquired a new stake in BlackLine during the 2nd quarter valued at approximately $58,584,000. Hawk Ridge Capital Management LP increased its holdings in BlackLine by 26.3% during the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after purchasing an additional 393,192 shares during the last quarter. Engaged Capital LLC raised its position in shares of BlackLine by 26.2% in the 1st quarter. Engaged Capital LLC now owns 1,367,619 shares of the technology company’s stock valued at $50,602,000 after purchasing an additional 284,000 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of BlackLine by 20.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,655 shares of the technology company’s stock valued at $39,354,000 after purchasing an additional 181,577 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of BlackLine during the 2nd quarter valued at approximately $27,532,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

Key Stories Impacting BlackLine

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Third-quarter adjusted earnings were $0.64 per share, ahead of the $0.63 consensus and up from $0.51 a year earlier. Revenue grew 8.5% year over year. BlackLine Q3 Earnings Top Estimates
• Negative Sentiment: Quarterly revenue of $193.4 million came in slightly below analysts’ $194.17 million estimate. The company forecast 2026 revenue of $759.5 million to $761.5 million, with the outlook described as slightly below expectations; management cited longer deal cycles and slower Agentic AI consumption. BlackLine anticipates 2026 revenue amid longer deal cycles and slower Agentic AI consumption
• Negative Sentiment: Analyst actions reinforced growth concerns: Bank of America reiterated its Sell rating with a $26 price target, while Piper Sandler cut its target from $35 to $30 and maintained a Neutral rating. BlackLine’s Weakening Growth Indicators Support Sell Rating Piper Sandler price target update

BlackLine Company Profile

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.