BlackLine, Inc. (NASDAQ:BL – Get Free Report) CRO Mark Woodhams sold 1,856 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total value of $101,430.40. Following the completion of the sale, the executive now owns 61,390 shares of the company’s stock, valued at $3,354,963.50. The trade was a 2.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Mark Woodhams also recently made the following trade(s):
- On Friday, February 21st, Mark Woodhams sold 9,088 shares of BlackLine stock. The shares were sold at an average price of $49.67, for a total value of $451,400.96.
BlackLine Price Performance
Shares of BL opened at $54.16 on Friday. The firm has a market capitalization of $3.38 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 10.80 and a beta of 0.94. The company has a debt-to-equity ratio of 2.00, a current ratio of 2.59 and a quick ratio of 2.69. BlackLine, Inc. has a 1-year low of $40.82 and a 1-year high of $66.25. The company’s fifty day moving average price is $48.74 and its 200-day moving average price is $55.05.
Wall Street Analyst Weigh In
View Our Latest Analysis on BL
Institutional Investors Weigh In On BlackLine
A number of large investors have recently made changes to their positions in BL. SBI Securities Co. Ltd. purchased a new stake in shares of BlackLine during the fourth quarter valued at $31,000. Global Retirement Partners LLC grew its position in BlackLine by 568.4% during the 4th quarter. Global Retirement Partners LLC now owns 528 shares of the technology company’s stock worth $32,000 after purchasing an additional 449 shares during the period. Quadrant Capital Group LLC grew its position in BlackLine by 243.5% during the 4th quarter. Quadrant Capital Group LLC now owns 584 shares of the technology company’s stock worth $35,000 after purchasing an additional 414 shares during the period. Headlands Technologies LLC acquired a new stake in BlackLine during the 4th quarter worth about $50,000. Finally, Huntington National Bank grew its position in BlackLine by 596.4% during the 4th quarter. Huntington National Bank now owns 968 shares of the technology company’s stock worth $59,000 after purchasing an additional 829 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.
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.
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