Gregory Hughes Sells 1,637 Shares of BlackLine (NASDAQ:BL) Stock

BlackLine (NASDAQ:BL) Director Gregory Hughes sold 1,637 shares of BlackLine stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total transaction of $49,519.25. Following the sale, the director owned 7,755 shares of the company’s stock, valued at approximately $234,588.75. The trade was a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

BlackLine Price Performance

Shares of BL stock traded down $0.04 during midday trading on Friday, reaching $28.90. 911,101 shares of the company traded hands, compared to its average volume of 1,252,179. The firm has a market cap of $1.70 billion, a PE ratio of 67.21 and a beta of 0.69. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The firm’s 50 day simple moving average is $33.03 and its two-hundred day simple moving average is $44.39.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The business had revenue of $183.16 million during the quarter, compared to the consensus estimate of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 EPS. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. On average, equities research analysts expect that BlackLine will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BL shares. Morgan Stanley cut their price target on BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Wall Street Zen downgraded BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Citigroup cut their price objective on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. Rosenblatt Securities cut their price objective on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Cantor Fitzgerald cut their price objective on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $43.67.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BL. Federated Hermes Inc. raised its holdings in BlackLine by 228.3% in the 3rd quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock valued at $7,143,000 after acquiring an additional 93,544 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in BlackLine in the 3rd quarter valued at $2,230,000. Ananym Capital Management LP raised its holdings in BlackLine by 37.5% in the 3rd quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company’s stock valued at $23,497,000 after acquiring an additional 120,590 shares during the last quarter. Gagnon Securities LLC raised its holdings in BlackLine by 10.6% in the 3rd quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock valued at $14,811,000 after acquiring an additional 26,678 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in BlackLine by 11.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 338,959 shares of the technology company’s stock valued at $17,999,000 after acquiring an additional 34,499 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

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.