Lavelle Capital LP Invests $596,000 in BlackLine $BL

Lavelle Capital LP acquired a new stake in BlackLine (NASDAQ:BL) in the first quarter, Holdings Channel reports. The institutional investor acquired 16,119 shares of the technology company’s stock, valued at approximately $596,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BL. Measured Wealth Private Client Group LLC purchased a new position in BlackLine in the 3rd quarter worth $25,000. Kestra Advisory Services LLC purchased a new stake in BlackLine during the fourth quarter valued at about $28,000. Bayforest Capital Ltd purchased a new stake in BlackLine during the fourth quarter valued at about $40,000. Leonteq Securities AG boosted its position in BlackLine by 1,019.6% during the first quarter. Leonteq Securities AG now owns 1,086 shares of the technology company’s stock valued at $40,000 after buying an additional 989 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of BlackLine by 306.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,220 shares of the technology company’s stock valued at $67,000 after buying an additional 920 shares during the last quarter. Institutional investors own 95.13% of the company’s stock.

BlackLine Price Performance

Shares of BlackLine stock opened at $31.40 on Friday. The company’s fifty day simple moving average is $28.82 and its two-hundred day simple moving average is $34.60. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The firm has a market cap of $1.84 billion, a PE ratio of 73.02 and a beta of 0.66. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 2.18.

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

Analysts Set New Price Targets

Several research analysts have recently commented on BL shares. Scotiabank downgraded BlackLine to an “outperform” rating in a report on Tuesday, July 21st. Citigroup dropped their target price on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Raymond James Financial restated an “outperform” rating and set a $50.00 price target on shares of BlackLine in a research report on Wednesday, May 6th. BMO Capital Markets lifted their price target on BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price objective (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.83.

Insider Transactions at BlackLine

In other BlackLine news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director owned 7,755 shares in the company, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $28.48, for a total value of $85,440.00. Following the completion of the sale, the director owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their position. The SEC filing for this sale provides additional information. 9.10% of the stock is owned by insiders.

BlackLine 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.