Sei Investments Co. Sells 110,110 Shares of BlackLine $BL

Sei Investments Co. lessened its position in shares of BlackLine (NASDAQ:BL) by 51.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 105,267 shares of the technology company’s stock after selling 110,110 shares during the quarter. Sei Investments Co.’s holdings in BlackLine were worth $3,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. State of Wyoming lifted its position in BlackLine by 4.7% in the first quarter. State of Wyoming now owns 10,912 shares of the technology company’s stock worth $404,000 after purchasing an additional 486 shares during the period. First Trust Advisors LP boosted its stake in BlackLine by 34.9% during the first quarter. First Trust Advisors LP now owns 616,716 shares of the technology company’s stock worth $22,818,000 after buying an additional 159,561 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BlackLine by 20.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,063,655 shares of the technology company’s stock valued at $39,354,000 after buying an additional 181,577 shares during the period. Parallel Advisors LLC increased its holdings in BlackLine by 467.0% in the 1st quarter. Parallel Advisors LLC now owns 2,030 shares of the technology company’s stock valued at $75,000 after buying an additional 1,672 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in BlackLine by 11.1% in the 1st quarter. Principal Financial Group Inc. now owns 361,796 shares of the technology company’s stock valued at $13,386,000 after buying an additional 36,034 shares during the period. 95.13% of the stock is currently owned by institutional investors.

Key BlackLine News

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: BlackLine reported adjusted earnings of $0.61 per share, exceeding the $0.57 analyst consensus, while revenue increased 9.1% year over year to approximately $187.8 million. Management maintained fiscal 2026 EPS guidance of $2.47–$2.54 and provided third-quarter EPS guidance of $0.62–$0.65. BlackLine Q2 Earnings Snapshot
• Positive Sentiment: A partnership with Nuvei embeds payment acceptance into BlackLine’s invoice-to-cash platform. The integration is already live with enterprise customers and could shorten collection cycles, automate payment matching and reconciliation, and strengthen BlackLine’s platform value proposition. Nuvei and BlackLine Partner on Embedded Payments
• Positive Sentiment: A Seeking Alpha analysis argued that BlackLine’s platform-based pricing strategy is beginning to take hold, supporting a bullish long-term view if adoption and monetization improve. BlackLine Buy as Platform Pricing Takes Root

BlackLine Trading Down 1.5%

Shares of BlackLine stock opened at $30.00 on Friday. BlackLine has a 12-month low of $24.70 and a 12-month high of $59.57. The stock has a market capitalization of $1.76 billion, a P/E ratio of 52.63 and a beta of 0.64. The company has a 50-day simple moving average of $29.12 and a 200 day simple moving average of $33.83. The company has a quick ratio of 1.70, a current ratio of 1.72 and a debt-to-equity ratio of 2.12.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $187.82 million for the quarter, compared to analyst estimates of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $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. Research analysts expect that BlackLine will post 1.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial reduced their price objective on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, May 7th. BMO Capital Markets increased their price target on shares of BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 6th. Cantor Fitzgerald restated a “neutral” rating and set a $36.00 price target on shares of BlackLine in a research note on Wednesday. Robert W. Baird set a $35.00 price objective on BlackLine in a report on Wednesday. Finally, Rosenblatt Securities decreased their price objective on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, BlackLine presently has an average rating of “Hold” and an average target price of $40.08.

Insider Buying and Selling

In related 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 transaction of $49,519.25. Following the sale, the director directly owned 7,755 shares in the company, valued at $234,588.75. This represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 firm’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the sale, the director directly owned 16,692 shares of the company’s stock, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 9.10% of the company’s stock.

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.