Mika Yamamoto Sells 3,000 Shares of BlackLine (NASDAQ:BL) Stock

BlackLine (NASDAQ:BL) Director Mika Yamamoto sold 3,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $28.48, for a total value of $85,440.00. Following the sale, the director owned 16,692 shares in the company, valued at approximately $475,388.16. The trade was a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

BlackLine Price Performance

BL traded down $0.46 during trading on Monday, reaching $28.20. 1,472,364 shares of the stock were exchanged, compared to its average volume of 1,288,614. The business’s 50 day moving average price is $31.13 and its two-hundred day moving average price is $42.34. 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 market capitalization of $1.65 billion, a price-to-earnings ratio of 65.58 and a beta of 0.66. BlackLine has a 1 year low of $24.70 and a 1 year high of $59.57.

BlackLine (NASDAQ:BL) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business had revenue of $183.16 million for the quarter, compared to the consensus estimate of $181.00 million. During the same period in the prior year, the business earned $0.49 earnings per share. The business’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. As a group, equities research analysts anticipate that BlackLine will post 1.1 earnings per share for the current year.

Institutional Investors Weigh In On BlackLine

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in BlackLine by 22.9% during the third quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after acquiring an additional 184 shares during the last quarter. Blue Trust Inc. grew its stake in shares of BlackLine by 3.7% in the fourth quarter. Blue Trust Inc. now owns 7,157 shares of the technology company’s stock valued at $396,000 after buying an additional 256 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of BlackLine by 15.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock valued at $117,000 after buying an additional 301 shares in the last quarter. Two Sigma Securities LLC grew its stake in shares of BlackLine by 4.7% in the second quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company’s stock valued at $377,000 after buying an additional 301 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of BlackLine by 6.4% in the fourth quarter. Franklin Resources Inc. now owns 5,335 shares of the technology company’s stock valued at $295,000 after buying an additional 319 shares in the last quarter. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BL shares. Citizens Jmp reiterated a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a research note on Tuesday, April 28th. Rosenblatt Securities dropped their target price on BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Citigroup dropped their target price on BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Truist Financial dropped their target price on BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Finally, Piper Sandler upped their price target on BlackLine from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.67.

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.