Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $36.79, for a total value of $469,072.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, November 13th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.45, for a total value of $451,987.50.
  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.18, for a total value of $448,545.00.
  • On Monday, October 30th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.05, for a total value of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The shares were sold at an average price of $35.00, for a total value of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.06, for a total value of $361,887.50.
  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.57, for a total value of $356,681.25.
  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.49, for a total value of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.14, for a total value of $362,737.50.
  • On Monday, September 25th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.01, for a total value of $350,731.25.
  • On Monday, September 18th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $32.99, for a total value of $350,518.75.

Shares of Blackline Inc (NASDAQ:BL) opened at $38.28 on Wednesday. Blackline Inc has a 52 week low of $24.14 and a 52 week high of $40.28.

Blackline (NASDAQ:BL) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.18. The company had revenue of $45.90 million for the quarter, compared to the consensus estimate of $44.07 million. Blackline had a negative return on equity of 8.00% and a negative net margin of 29.53%. The firm’s quarterly revenue was up 42.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. equities analysts predict that Blackline Inc will post -0.42 EPS for the current fiscal year.

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Several institutional investors have recently bought and sold shares of BL. Fortaleza Asset Management Inc. grew its stake in shares of Blackline by 98.2% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock worth $212,000 after buying an additional 3,080 shares during the last quarter. Wolverine Trading LLC purchased a new stake in Blackline during the 3rd quarter valued at $246,000. First Republic Investment Management Inc. purchased a new stake in Blackline during the 3rd quarter valued at $257,000. PEAK6 Investments L.P. purchased a new stake in Blackline during the 3rd quarter valued at $267,000. Finally, American International Group Inc. boosted its stake in Blackline by 53.5% during the 3rd quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock valued at $357,000 after purchasing an additional 3,646 shares during the last quarter. Institutional investors own 79.12% of the company’s stock.

BL has been the subject of several research reports. BidaskClub raised Blackline from a “hold” rating to a “buy” rating in a research report on Wednesday, October 25th. Zacks Investment Research raised Blackline from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, August 9th. KeyCorp reissued a “buy” rating and issued a $39.00 target price on shares of Blackline in a research report on Sunday, October 22nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $42.00 target price on shares of Blackline in a research report on Friday, November 3rd. Finally, JMP Securities raised Blackline from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Blackline has a consensus rating of “Buy” and an average price target of $36.53.

Blackline Company Profile

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 (NASDAQ:BL)

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