Piper Sandler Cuts BlackLine (NASDAQ:BL) Price Target to $35.00

BlackLine (NASDAQ:BL) had its price target decreased by investment analysts at Piper Sandler from $37.00 to $35.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Piper Sandler’s price target would suggest a potential upside of 5.68% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Truist Financial lowered their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price objective on shares of BlackLine in a research report on Wednesday, May 6th. DA Davidson set a $30.00 price objective on BlackLine in a research note on Thursday, July 9th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 target price (down from $50.00) on shares of BlackLine in a report on Tuesday, July 21st. Finally, Citigroup decreased their target price on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, May 7th. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, BlackLine currently has a consensus rating of “Hold” and a consensus price target of $41.67.

BlackLine Price Performance

BL stock opened at $33.12 on Wednesday. The firm has a 50 day simple moving average of $28.99 and a two-hundred day simple moving average of $34.14. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a market cap of $1.94 billion, a PE ratio of 77.02 and a beta of 0.64. BlackLine has a one year low of $24.70 and a one year high of $59.57.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $187.82 million for the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 earnings per share. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. On average, analysts predict that BlackLine will post 1.1 EPS for the current fiscal year.

Insider Activity at BlackLine

In related news, Director Gregory Hughes sold 1,637 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $234,588.75. This trade represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mika Yamamoto sold 3,000 shares of BlackLine 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 owned 16,692 shares in the company, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 9.10% of the company’s stock.

Institutional Investors Weigh In On BlackLine

A number of large investors have recently modified their holdings of BL. Louisiana State Employees Retirement System bought a new stake in BlackLine during the 1st quarter valued at approximately $821,000. Teacher Retirement System of Texas grew its stake in BlackLine by 5,776.8% in the fourth quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock worth $26,300,000 after purchasing an additional 467,571 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in BlackLine by 2,609.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 113,197 shares of the technology company’s stock worth $6,259,000 after purchasing an additional 109,019 shares in the last quarter. First Trust Advisors LP raised its holdings in BlackLine by 34.9% in the first quarter. First Trust Advisors LP now owns 616,716 shares of the technology company’s stock worth $22,818,000 after purchasing an additional 159,561 shares in the last quarter. Finally, Cinctive Capital Management LP lifted its position in BlackLine by 30.5% during the fourth quarter. Cinctive Capital Management LP now owns 199,544 shares of the technology company’s stock valued at $11,033,000 after buying an additional 46,688 shares during the period. Institutional investors own 95.13% of the company’s stock.

BlackLine News Roundup

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: Q2 earnings beat estimates: BlackLine reported adjusted earnings of $0.61 per share, above the $0.57 consensus estimate and up from $0.51 a year earlier. Revenue rose 9.1% year over year to $187.82 million, slightly exceeding expectations of $186.99 million. BlackLine Announces Second Quarter Financial Results
• Positive Sentiment: Higher profit outlook: BlackLine guided for third-quarter EPS of $0.62–$0.65, above the $0.57 analyst consensus, and raised or reiterated full-year 2026 EPS guidance of $2.47–$2.54 versus the $2.20 consensus. BlackLine Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Expanded share repurchase: The board increased BlackLine’s stock-buyback authorization by $100 million, bringing the total authorization to $600 million. Repurchases could support per-share results and signal management confidence in the stock’s value. BlackLine Expands Share Repurchase Authorization to $600 Million
• Neutral Sentiment: Founder consulting agreement: BlackLine entered into a consulting agreement with founder Therese Tucker. The announcement may draw attention to governance and leadership matters, but the available information does not indicate a direct change to operating guidance. BlackLine Signs Consulting Agreement With Founder Therese Tucker
• Negative Sentiment: Revenue outlook appears less compelling: Third-quarter revenue guidance of $193.0–$195.0 million is roughly in line with, but slightly below, the $195.1 million consensus estimate. Full-year revenue guidance of $765–$769 million also brackets the $766.8 million consensus, offering limited upside. Investors may view this as disappointing given BlackLine’s elevated valuation and relatively modest 9% sales growth. BlackLine Q2 Sales in Line With Estimates

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.