Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 2,125 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $30.00, for a total value of $63,750.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mario Spanicciati also recently made the following trade(s):

  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.28, for a total value of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.25, for a total value of $248,625.00.
  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $29.88, for a total value of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $30.31, for a total value of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $38.91, for a total value of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The shares were sold at an average price of $40.00, for a total value of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $37.57, for a total value of $479,017.50.
  • On Monday, July 17th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.93, for a total value of $470,857.50.
  • On Monday, July 10th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.40, for a total value of $464,100.00.
  • On Monday, July 3rd, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.79, for a total value of $456,322.50.

Blackline Inc (NYSE BL) traded up 0.74% on Wednesday, reaching $30.02. The company’s stock had a trading volume of 86,721 shares. The firm’s 50-day moving average price is $34.30 and its 200-day moving average price is $32.25. Blackline Inc has a 52-week low of $21.66 and a 52-week high of $40.28. The stock’s market cap is $1.58 billion.

Blackline (NYSE:BL) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.12. Blackline had a negative net margin of 23.91% and a negative return on equity of 13.96%. The company had revenue of $42.30 million during the quarter, compared to the consensus estimate of $41.45 million. Blackline’s revenue was up 45.9% on a year-over-year basis. On average, equities analysts expect that Blackline Inc will post ($0.17) earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in the company. State Street Corp bought a new position in Blackline during the fourth quarter worth about $2,968,000. Norges Bank acquired a new position in shares of Blackline during the fourth quarter worth $1,105,000. Teachers Advisors LLC acquired a new position in shares of Blackline during the fourth quarter worth $310,000. Nationwide Fund Advisors increased its position in shares of Blackline by 26.7% in the first quarter. Nationwide Fund Advisors now owns 5,776 shares of the technology company’s stock worth $172,000 after buying an additional 1,217 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Blackline during the first quarter worth $941,000.

BL has been the subject of a number of recent analyst reports. William Blair reiterated an “outperform” rating on shares of Blackline in a report on Monday, May 8th. Zacks Investment Research cut Blackline from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. JMP Securities assumed coverage on Blackline in a research note on Monday, June 26th. They issued a “market perform” rating for the company. SunTrust Banks, Inc. assumed coverage on Blackline in a research note on Monday, June 26th. They issued a “buy” rating and a $43.00 target price for the company. Finally, ValuEngine raised Blackline from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $34.78.

About Blackline

BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.

Insider Buying and Selling by Quarter for Blackline (NYSE:BL)

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