Insider Selling: BlackLine (NASDAQ:BL) Director Sells 3,000 Shares of Stock

BlackLine (NASDAQ:BL) Director Mika Yamamoto sold 3,000 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the sale, the director directly owned 16,692 shares in the company, valued at $475,388.16. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

BlackLine Stock Performance

Shares of BL stock traded down $0.46 during trading hours on Monday, hitting $28.20. The company’s stock had a trading volume of 1,472,364 shares, compared to its average volume of 1,288,614. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The company has a 50 day moving average of $31.13 and a 200 day moving average of $42.34. The stock has a market cap of $1.65 billion, a PE ratio of 65.58 and a beta of 0.66.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. During the same quarter in the prior year, the firm posted $0.49 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. 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, sell-side analysts forecast that BlackLine will post 1.1 EPS for the current fiscal year.

Institutional Investors Weigh In On BlackLine

Several hedge funds and other institutional investors have recently made changes to their positions in BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock worth $1,679,000 after acquiring an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of BlackLine by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock valued at $7,978,000 after purchasing an additional 7,228 shares during the period. Intech Investment Management LLC increased its holdings in shares of BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after purchasing an additional 5,682 shares during the period. Strs Ohio acquired a new position in shares of BlackLine in the first quarter valued at approximately $82,000. Finally, Invesco Ltd. grew its holdings in BlackLine by 36.6% during the second quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock worth $13,321,000 after acquiring an additional 63,068 shares during the period. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BL. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackLine in a research report on Thursday. Citigroup reduced their price objective on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research note on Tuesday, April 28th. Robert W. Baird set a $40.00 price target on BlackLine in a report on Wednesday, May 6th. Finally, Morgan Stanley lowered their price target on BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 30th. Five equities research 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $43.67.

About BlackLine

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.