Blackline Inc (BL) Insider Mario Spanicciati Sells 12,750 Shares of Stock

Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $35.45, for a total value of $451,987.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was 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 stock was 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 stock was 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.
  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $33.32, for a total value of $424,830.00.

Shares of Blackline Inc (NASDAQ BL) traded up $0.11 during trading on Wednesday, reaching $35.69. The company’s stock had a trading volume of 102,100 shares, compared to its average volume of 233,231. Blackline Inc has a fifty-two week low of $23.48 and a fifty-two week high of $40.28.

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

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Several equities research analysts have recently commented on the company. BidaskClub raised Blackline from a “hold” rating to a “buy” rating in a report on Tuesday. KeyCorp reissued a “buy” rating and issued a $39.00 price objective on shares of Blackline in a report on Sunday, October 22nd. Zacks Investment Research raised Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Wednesday, August 9th. Robert W. Baird set a $42.00 price target on Blackline and gave the company a “buy” rating in a report on Sunday, October 1st. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 price target on shares of Blackline in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $36.53.

A number of institutional investors have recently made changes to their positions in BL. Rhumbline Advisers increased its position in Blackline by 20.3% during the 3rd quarter. Rhumbline Advisers now owns 15,254 shares of the technology company’s stock worth $520,000 after buying an additional 2,570 shares during the period. Fortaleza Asset Management Inc. increased its position in Blackline by 98.2% during 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 period. American International Group Inc. increased its position in Blackline by 53.5% during the 3rd quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock worth $357,000 after buying an additional 3,646 shares during the period. California State Teachers Retirement System increased its position in Blackline by 28.8% during the 3rd quarter. California State Teachers Retirement System now owns 24,995 shares of the technology company’s stock worth $853,000 after buying an additional 5,595 shares during the period. Finally, First Republic Investment Management Inc. bought a new position in Blackline during the 3rd quarter worth $257,000. 78.85% of the stock is owned by institutional investors and hedge funds.

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 (NASDAQ:BL)

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