Blackline Inc (NYSE:BL) insider Mario Spanicciati sold 10,625 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $29.88, for a total transaction of $317,475.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.31, for a total transaction of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $38.91, for a total transaction of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The stock was sold at an average price of $40.00, for a total transaction of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $37.57, for a total transaction 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 transaction 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 transaction 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 transaction of $456,322.50.
  • On Friday, June 16th, Mario Spanicciati sold 5,000 shares of Blackline stock. The shares were sold at an average price of $35.34, for a total transaction of $176,700.00.
  • On Monday, June 12th, Mario Spanicciati sold 25,000 shares of Blackline stock. The shares were sold at an average price of $32.94, for a total transaction of $823,500.00.
  • On Monday, June 5th, Mario Spanicciati sold 25,000 shares of Blackline stock. The shares were sold at an average price of $34.65, for a total transaction of $866,250.00.

Blackline Inc (NYSE BL) traded up 1.10% during trading on Monday, reaching $30.21. 172,278 shares of the company were exchanged. Blackline Inc has a 52-week low of $21.66 and a 52-week high of $40.28. The firm’s 50 day moving average is $36.00 and its 200 day moving average is $32.16. The stock’s market capitalization is $1.57 billion.

Blackline (NYSE:BL) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. Blackline had a negative return on equity of 13.96% and a negative net margin of 23.91%. The firm had revenue of $42.30 million for the quarter, compared to analyst estimates of $41.45 million. Blackline’s quarterly revenue was up 45.9% compared to the same quarter last year. Analysts expect that Blackline Inc will post ($0.17) EPS for the current year.

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Large investors have recently modified their holdings of the company. Alliancebernstein L.P. bought a new stake in shares of Blackline during the second quarter valued at $31,140,000. DF Dent & Co. Inc. boosted its position in Blackline by 628.2% in the first quarter. DF Dent & Co. Inc. now owns 518,893 shares of the technology company’s stock valued at $15,442,000 after buying an additional 447,633 shares during the last quarter. Vanguard Group Inc. boosted its position in Blackline by 56.4% in the second quarter. Vanguard Group Inc. now owns 1,209,511 shares of the technology company’s stock valued at $43,228,000 after buying an additional 436,300 shares during the last quarter. Columbia Wanger Asset Management LLC boosted its position in Blackline by 154.0% in the first quarter. Columbia Wanger Asset Management LLC now owns 677,394 shares of the technology company’s stock valued at $20,159,000 after buying an additional 410,712 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Blackline by 95.7% in the second quarter. Wells Fargo & Company MN now owns 531,882 shares of the technology company’s stock valued at $19,010,000 after buying an additional 260,156 shares during the last quarter.

BL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, May 10th. ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Vetr upgraded shares of Blackline from a “buy” rating to a “strong-buy” rating and set a $36.70 price objective on the stock in a research report on Monday, April 24th. William Blair reiterated an “outperform” rating on shares of Blackline in a research report on Monday, May 8th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Blackline in a research report on Monday, June 26th. They issued a “buy” rating and a $43.00 price objective on the stock. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target 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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