Blackline Inc (NASDAQ:BL) CEO Therese Tucker sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $35.31, for a total transaction of $70,620.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Therese Tucker also recently made the following trade(s):
- On Wednesday, August 23rd, Therese Tucker sold 20,000 shares of Blackline stock. The shares were sold at an average price of $29.12, for a total transaction of $582,400.00.
Shares of Blackline Inc (NASDAQ:BL) traded down $0.29 during trading on Friday, reaching $37.24. 248,905 shares of the company’s stock were exchanged, compared to its average volume of 197,546. Blackline Inc has a fifty-two week low of $24.14 and a fifty-two week high of $40.28.
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BL has been the subject of a number of research reports. KeyCorp reaffirmed a “buy” rating and issued a $39.00 price objective on shares of Blackline in a research note on Friday, September 22nd. BidaskClub lowered shares of Blackline from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Robert W. Baird set a $42.00 price objective on shares of Blackline and gave the stock a “buy” rating in a research note on Sunday, October 1st. JMP Securities raised shares of Blackline from a “market perform” rating to an “outperform” rating in a research note on Thursday. Finally, Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $36.53.
A number of institutional investors have recently made changes to their positions in BL. Fortaleza Asset Management Inc. raised its holdings in Blackline by 98.2% in the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock worth $212,000 after purchasing an additional 3,080 shares in the last quarter. Wolverine Trading LLC bought a new position in Blackline in the third quarter worth about $246,000. First Republic Investment Management Inc. bought a new position in Blackline in the third quarter worth about $257,000. PEAK6 Investments L.P. bought a new position in Blackline in the third quarter worth about $267,000. Finally, American International Group Inc. raised its holdings in Blackline by 53.5% in the third quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,646 shares in the last quarter. Institutional investors and hedge funds own 78.85% of the company’s stock.
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.
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