BlackLine $BL is Ananym Capital Management LP’s 8th Largest Position

Ananym Capital Management LP reduced its holdings in BlackLine (NASDAQ:BL) by 42.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 253,482 shares of the technology company’s stock after selling 189,029 shares during the period. BlackLine comprises approximately 5.8% of Ananym Capital Management LP’s portfolio, making the stock its 8th biggest holding. Ananym Capital Management LP’s holdings in BlackLine were worth $14,015,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BL. Nexpoint Asset Management L.P. purchased a new position in BlackLine during the fourth quarter worth $1,960,000. AQR Capital Management LLC boosted its holdings in BlackLine by 20.5% during the 4th quarter. AQR Capital Management LLC now owns 12,409 shares of the technology company’s stock valued at $686,000 after acquiring an additional 2,107 shares during the period. Abel Hall LLC purchased a new position in BlackLine during the 4th quarter valued at $240,000. Westerly Capital Management LLC purchased a new position in BlackLine during the 4th quarter valued at $4,976,000. Finally, Engaged Capital LLC boosted its holdings in BlackLine by 138.8% during the 4th quarter. Engaged Capital LLC now owns 1,083,619 shares of the technology company’s stock valued at $59,913,000 after acquiring an additional 629,825 shares during the period. 95.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BlackLine

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

BlackLine Stock Performance

BL stock opened at $26.80 on Thursday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 62.33 and a beta of 0.66. The firm has a 50-day simple moving average of $29.77 and a two-hundred day simple moving average of $40.79. BlackLine has a one year low of $24.70 and a one year high of $59.57. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70.

BlackLine (NASDAQ:BL) last posted 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 net margin of 3.71% and a return on equity of 18.86%. The firm had revenue of $183.16 million during the quarter, compared to analyst estimates of $181.00 million. During the same quarter in the previous year, the business posted $0.49 EPS. BlackLine’s revenue was up 9.7% on a year-over-year basis. 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, equities analysts forecast that BlackLine will post 1.1 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Rosenblatt Securities dropped their price objective on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Truist Financial dropped their price objective on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Wall Street Zen upgraded BlackLine from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 13th. BMO Capital Markets boosted their price objective on BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, May 6th. Finally, Bank of America initiated coverage on BlackLine in a report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 price objective for the company. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $43.67.

BlackLine Company 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.