Rep. Lisa C. McClain Acquires Shares of BlackLine (NASDAQ:BL)

Representative Lisa C. McClain (R-Michigan) recently bought shares of BlackLine (NASDAQ:BL). In a filing disclosed on November 21st, the Representative disclosed that they had bought between $1,001 and $15,000 in BlackLine stock on October 30th. The trade occurred in the Representative’s “CHARLES SCHWAB 401K > SCHWAB 893” account.

Representative Lisa C. McClain also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Ciena (NYSE:CIEN) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Coherent (NYSE:COHR) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Clorox (NYSE:CLX) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Northern Trust (NASDAQ:NTRS) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Honda Motor (NYSE:HMC) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Home BancShares (NYSE:HOMB) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Five Below (NASDAQ:FIVE) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of Pure Storage (NYSE:PSTG) on 10/31/2025.
• Sold $1,001 – $15,000 in shares of BHP Group (NYSE:BHP) on 10/31/2025.

BlackLine Trading Down 0.6%

Shares of BlackLine stock traded down $0.37 during trading on Friday, reaching $56.99. 253,041 shares of the company were exchanged, compared to its average volume of 795,552. The business has a 50-day moving average price of $53.74 and a 200-day moving average price of $54.39. The firm has a market capitalization of $3.39 billion, a price-to-earnings ratio of 51.34, a P/E/G ratio of 13.64 and a beta of 1.02. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 2.03. BlackLine has a twelve month low of $40.82 and a twelve month high of $66.25.

BlackLine (NASDAQ:BL) last issued its earnings results on Thursday, November 6th. The technology company reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $178.29 million for the quarter, compared to analysts’ expectations of $178.11 million. BlackLine had a return on equity of 14.51% and a net margin of 11.07%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. BlackLine has set its FY 2025 guidance at 2.080-2.130 EPS. Q4 2025 guidance at 0.580-0.610 EPS. Sell-side analysts anticipate that BlackLine will post 0.9 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Thomas Unterman sold 910 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $55.00, for a total value of $50,050.00. Following the completion of the transaction, the director owned 41,835 shares of the company’s stock, valued at approximately $2,300,925. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On BlackLine

A number of large investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC raised its position in BlackLine by 10.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 304,460 shares of the technology company’s stock valued at $17,239,000 after buying an additional 28,562 shares during the last quarter. Renaissance Group LLC boosted its position in BlackLine by 30.6% during the 2nd quarter. Renaissance Group LLC now owns 117,480 shares of the technology company’s stock worth $6,652,000 after acquiring an additional 27,552 shares during the last quarter. Geneva Capital Management LLC grew its stake in shares of BlackLine by 5.6% during the 2nd quarter. Geneva Capital Management LLC now owns 924,325 shares of the technology company’s stock worth $52,335,000 after acquiring an additional 49,292 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new stake in shares of BlackLine in the second quarter valued at approximately $589,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of BlackLine in the second quarter valued at approximately $257,000. Institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on BL. Zacks Research raised shares of BlackLine from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Baird R W downgraded BlackLine from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 7th. Citigroup reiterated a “market outperform” rating on shares of BlackLine in a report on Tuesday, October 28th. Morgan Stanley increased their price target on BlackLine from $68.00 to $73.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Finally, DA Davidson raised BlackLine to a “hold” rating in a research report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.92.

About Representative McClain

Lisa McClain (Republican Party) is a member of the U.S. House, representing Michigan’s 9th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

McClain (Republican Party) is running for re-election to the U.S. House to represent Michigan’s 9th Congressional District. She declared candidacy for the 2026 election.

Lisa McClain lives in Romeo, Michigan. McClain earned a bachelor’s degree in business administration from Northwood University. Her career experience includes founding and working as the president of North End Support Team.

BlackLine Company Profile

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.