Riverbridge Partners LLC Has $20.61 Million Stock Holdings in BlackLine $BL

Riverbridge Partners LLC trimmed its stake in shares of BlackLine (NASDAQ:BL) by 48.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 372,814 shares of the technology company’s stock after selling 347,803 shares during the quarter. Riverbridge Partners LLC owned 0.63% of BlackLine worth $20,613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BL. Measured Wealth Private Client Group LLC acquired a new position in shares of BlackLine in the 3rd quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in BlackLine by 110.4% in the 3rd quarter. Versant Capital Management Inc now owns 667 shares of the technology company’s stock valued at $35,000 after buying an additional 350 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in BlackLine in the 3rd quarter valued at $38,000. MAI Capital Management grew its position in BlackLine by 10,000.0% in the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after acquiring an additional 700 shares during the period. Finally, Bessemer Group Inc. grew its position in BlackLine by 22.9% in the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock valued at $53,000 after acquiring an additional 184 shares during the period. 95.13% of the stock is currently owned by institutional investors.

BlackLine Price Performance

Shares of BL stock opened at $37.56 on Friday. The stock’s fifty day moving average is $41.18 and its 200-day moving average is $50.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $2.24 billion, a PE ratio of 93.90, a PEG ratio of 2.69 and a beta of 0.90. BlackLine has a 52 week low of $31.75 and a 52 week high of $59.57.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.05. The business had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 earnings per share. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Equities research analysts expect that BlackLine will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on BL shares. Cantor Fitzgerald cut their price objective on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, February 11th. Rosenblatt Securities reiterated a “buy” rating and set a $62.00 target price on shares of BlackLine in a research report on Wednesday, February 11th. Robert W. Baird set a $50.00 price target on shares of BlackLine in a report on Wednesday, February 11th. DA Davidson reduced their price target on shares of BlackLine from $56.00 to $45.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $70.00 price objective on shares of BlackLine in a research note on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $56.00.

BlackLine Company Profile

BlackLine, Inc is a leading provider of cloud-based software solutions designed to automate and modernize the finance and accounting function. The company’s flagship offering, the BlackLine Finance Controls and Automation Platform, enables organizations to streamline critical processes such as account reconciliations, journal entry management, intercompany accounting, and transaction matching. By delivering a centralized, real-time view of financial data, BlackLine helps companies improve operational efficiency, enhance compliance and strengthen internal controls.

Key products and services within the BlackLine platform include Account Reconciliation, Task Management, Transaction Matching, Journal Entry, and Intercompany Hub.