Insider Selling: Blackline Inc (BL) CEO Sells 15,636 Shares of Stock

Blackline Inc (NASDAQ:BL) CEO Therese Tucker sold 15,636 shares of Blackline stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $47.04, for a total value of $735,517.44. Following the transaction, the chief executive officer now owns 63,672 shares of the company’s stock, valued at approximately $2,995,130.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Therese Tucker also recently made the following trade(s):

  • On Monday, August 13th, Therese Tucker sold 17,010 shares of Blackline stock. The stock was sold at an average price of $47.59, for a total value of $809,505.90.
  • On Friday, August 10th, Therese Tucker sold 100,000 shares of Blackline stock. The stock was sold at an average price of $47.72, for a total value of $4,772,000.00.

BL traded up $1.36 during trading on Monday, hitting $47.92. 380,400 shares of the stock traded hands, compared to its average volume of 468,936. Blackline Inc has a twelve month low of $28.91 and a twelve month high of $50.31. The company has a market cap of $2.57 billion, a P/E ratio of -126.19 and a beta of -0.57.

Blackline (NASDAQ:BL) last announced its quarterly earnings data on Thursday, August 2nd. The technology company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.02. Blackline had a negative net margin of 17.03% and a negative return on equity of 7.59%. The business had revenue of $55.45 million during the quarter, compared to the consensus estimate of $53.66 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The company’s revenue was up 32.1% on a year-over-year basis. equities analysts expect that Blackline Inc will post -0.31 earnings per share for the current year.

A number of equities research analysts have recently weighed in on BL shares. ValuEngine upgraded shares of Blackline from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. KeyCorp restated a “buy” rating and set a $52.00 price objective on shares of Blackline in a research report on Thursday, May 3rd. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, May 9th. Finally, BidaskClub downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Blackline currently has a consensus rating of “Hold” and an average target price of $41.80.

Several large investors have recently made changes to their positions in the company. Flinton Capital Management LLC increased its holdings in shares of Blackline by 6.4% during the second quarter. Flinton Capital Management LLC now owns 19,952 shares of the technology company’s stock worth $866,000 after buying an additional 1,200 shares in the last quarter. Chicago Equity Partners LLC increased its holdings in shares of Blackline by 5.0% during the first quarter. Chicago Equity Partners LLC now owns 26,050 shares of the technology company’s stock worth $1,021,000 after buying an additional 1,240 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Blackline by 16.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 10,539 shares of the technology company’s stock worth $458,000 after buying an additional 1,461 shares in the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Blackline by 6.4% during the second quarter. Meadow Creek Investment Management LLC now owns 27,434 shares of the technology company’s stock worth $1,191,000 after buying an additional 1,650 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Blackline by 47.8% during the first quarter. Legal & General Group Plc now owns 5,500 shares of the technology company’s stock worth $215,000 after buying an additional 1,779 shares in the last quarter. Institutional investors own 83.17% of the company’s stock.

Blackline Company Profile

BlackLine, Inc provides financial accounting close solutions delivered as a Software as a Service in the United States and internationally. Its solutions enables its customers to address various aspects of their financial closing process, including account reconciliations, variance analysis of account balances, and journal entry capabilities, as well as a range of data matching capabilities.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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