BlackLine (NASDAQ:BL) CAO Sells $26,247.00 in Stock

BlackLine (NASDAQ:BL) CAO Michelle Stalick sold 780 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $33.65, for a total transaction of $26,247.00. Following the completion of the sale, the chief accounting officer owned 34,712 shares of the company’s stock, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

BlackLine Stock Performance

BlackLine stock opened at $32.98 on Monday. The company has a 50 day moving average price of $29.89 and a 200 day moving average price of $31.81. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 57.86, a P/E/G ratio of 2.19 and a beta of 0.64.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. The company had revenue of $187.82 million for the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. 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 forecast that BlackLine will post 0.98 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in BlackLine in the 3rd quarter worth about $25,000. Kestra Advisory Services LLC acquired a new stake in shares of BlackLine during the 4th quarter valued at about $28,000. Optiver Holding B.V. grew its stake in shares of BlackLine by 13,828.6% in the 1st quarter. Optiver Holding B.V. now owns 975 shares of the technology company’s stock valued at $36,000 after buying an additional 968 shares in the last quarter. Leonteq Securities AG grew its stake in shares of BlackLine by 1,019.6% in the 1st 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 in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of BlackLine by 306.7% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Bank of America began coverage on BlackLine in a research report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price objective for the company. BMO Capital Markets upped their target price on BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Citigroup decreased their price target on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a report on Thursday, May 7th. Finally, DA Davidson set a $30.00 price objective on shares of BlackLine in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, BlackLine presently has an average rating of “Hold” and a consensus price target of $40.08.

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.