Mario Spanicciati Sells 7,765 Shares of Blackline Inc (NASDAQ:BL) Stock

Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 7,765 shares of Blackline stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $54.04, for a total value of $419,620.60. Following the completion of the sale, the insider now owns 19,512 shares of the company’s stock, valued at $1,054,428.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, November 27th, Mario Spanicciati sold 8,046 shares of Blackline stock. The stock was sold at an average price of $54.03, for a total value of $434,725.38.

Shares of Blackline stock opened at $52.08 on Wednesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 3.87 and a current ratio of 3.87. Blackline Inc has a 52 week low of $36.85 and a 52 week high of $56.29. The stock has a 50 day moving average price of $49.84 and a two-hundred day moving average price of $50.10. The stock has a market capitalization of $2.99 billion, a PE ratio of -200.31 and a beta of 0.81.

Blackline (NASDAQ:BL) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.09. Blackline had a negative return on equity of 4.36% and a negative net margin of 11.36%. The company had revenue of $74.93 million for the quarter, compared to analyst estimates of $72.33 million. During the same period in the prior year, the firm earned $0.07 earnings per share. Blackline’s revenue for the quarter was up 27.6% on a year-over-year basis. Research analysts forecast that Blackline Inc will post -0.21 EPS for the current year.

BL has been the subject of several research analyst reports. Piper Jaffray Companies initiated coverage on shares of Blackline in a research note on Monday, November 25th. They issued a “neutral” rating and a $60.00 price objective for the company. ValuEngine downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research report on Thursday, October 10th. TheStreet raised shares of Blackline from a “d+” rating to a “c” rating in a research note on Monday, October 28th. BidaskClub upgraded shares of Blackline from a “hold” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Blackline currently has a consensus rating of “Hold” and a consensus target price of $54.00.

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Blackline by 1.6% during the second quarter. Vanguard Group Inc. now owns 3,908,283 shares of the technology company’s stock worth $209,133,000 after buying an additional 63,253 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Blackline by 12.6% during the second quarter. BlackRock Inc. now owns 3,119,985 shares of the technology company’s stock valued at $166,949,000 after buying an additional 349,712 shares during the last quarter. DF Dent & Co. Inc. grew its holdings in shares of Blackline by 5.0% during the second quarter. DF Dent & Co. Inc. now owns 3,068,905 shares of the technology company’s stock valued at $164,217,000 after buying an additional 147,453 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Blackline by 17.9% during the second quarter. Invesco Ltd. now owns 1,408,704 shares of the technology company’s stock valued at $75,379,000 after buying an additional 213,931 shares during the last quarter. Finally, Conestoga Capital Advisors LLC increased its position in shares of Blackline by 2.6% during the second quarter. Conestoga Capital Advisors LLC now owns 1,149,659 shares of the technology company’s stock worth $61,518,000 after acquiring an additional 29,432 shares in the last quarter. Institutional investors and hedge funds own 91.37% of the company’s stock.

About Blackline

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

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

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