Michelle Stalick Sells 780 Shares of BlackLine (NASDAQ:BL) Stock

BlackLine (NASDAQ:BL) CAO Michelle Stalick sold 780 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

BlackLine Stock Performance

BL stock traded down $0.74 during midday trading on Friday, hitting $32.98. 1,089,315 shares of the company traded hands, compared to its average volume of 1,232,274. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 57.86, a price-to-earnings-growth ratio of 2.08 and a beta of 0.64. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 2.12. The business has a 50 day simple moving average of $29.76 and a 200-day simple moving average of $31.88.

BlackLine (NASDAQ:BL) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $187.82 million during the quarter, compared to analysts’ expectations of $186.99 million. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. BlackLine’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the previous year, the company 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. As a group, equities research analysts predict that BlackLine will post 0.98 earnings per share for the current year.

Institutional Trading of BlackLine

Several institutional investors have recently modified their holdings of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after acquiring an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in BlackLine by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company’s stock worth $7,978,000 after purchasing an additional 7,228 shares in the last quarter. Intech Investment Management LLC lifted its stake in BlackLine by 28.1% during the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock worth $1,253,000 after purchasing an additional 5,682 shares during the period. Strs Ohio bought a new position in BlackLine during the first quarter worth about $82,000. Finally, Invesco Ltd. boosted its holdings in BlackLine by 36.6% during the second quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock valued at $13,321,000 after purchasing an additional 63,068 shares in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Analysts Set New Price Targets

BL has been the topic of a number of research analyst reports. Bank of America assumed coverage on BlackLine in a report on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 target price on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price objective (down from $50.00) on shares of BlackLine in a research report on Tuesday, July 21st. Wall Street Zen downgraded shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Scotiabank cut shares of BlackLine to an “outperform” rating in a research note on Tuesday, July 21st. Finally, Citigroup reduced 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. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.08.

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.