Gregory Hughes Sells 1,637 Shares of BlackLine (NASDAQ:BL) Stock

BlackLine (NASDAQ:BL) Director Gregory Hughes sold 1,637 shares of the business’s stock in a transaction 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 transaction, the director owned 7,755 shares in the company, valued at approximately $234,588.75. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a legal 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.

BlackLine Trading Down 0.1%

BL stock opened at $28.90 on Friday. 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 company has a fifty day moving average price of $32.89 and a two-hundred day moving average price of $44.28. BlackLine has a one year low of $24.70 and a one year high of $59.57. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 67.21 and a beta of 0.69.

BlackLine (NASDAQ:BL) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $181.00 million. During the same period in the previous year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. Equities analysts anticipate that BlackLine will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BL. Wall Street Zen cut shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 17th. Piper Sandler lifted their price objective on shares of BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Citigroup reduced their price objective on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research report on Thursday, May 7th. DA Davidson reduced their price objective on shares of BlackLine from $45.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, Morgan Stanley reduced their price objective on shares of BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

Institutional Investors Weigh In On BlackLine

Institutional investors have recently modified their holdings of the business. Measured Wealth Private Client Group LLC bought a new stake in shares of BlackLine in the third quarter valued at about $25,000. Kestra Advisory Services LLC bought a new stake in shares of BlackLine in the fourth quarter valued at about $28,000. Aster Capital Management DIFC Ltd bought a new stake in shares of BlackLine in the third quarter valued at about $38,000. MAI Capital Management boosted its position in shares of BlackLine by 10,000.0% in the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock valued at $38,000 after acquiring an additional 700 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in shares of BlackLine in the fourth quarter valued at about $40,000. Institutional investors own 95.13% of the company’s stock.

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.