Northwestern Mutual Wealth Management Co. Has $6.26 Million Stake in BlackLine $BL

Northwestern Mutual Wealth Management Co. grew its holdings in shares of BlackLine (NASDAQ:BL) by 2,609.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 113,197 shares of the technology company’s stock after acquiring an additional 109,019 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in BlackLine were worth $6,259,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new position in BlackLine during the third quarter worth about $25,000. Aster Capital Management DIFC Ltd acquired a new position in BlackLine during the third quarter worth about $38,000. MAI Capital Management raised its stake in BlackLine by 10,000.0% during the third quarter. MAI Capital Management now owns 707 shares of the technology company’s stock worth $38,000 after acquiring an additional 700 shares in the last quarter. Bayforest Capital Ltd acquired a new position in BlackLine during the fourth quarter worth about $40,000. Finally, Bessemer Group Inc. raised 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 in the last quarter. Institutional investors and hedge funds own 95.13% of the company’s stock.

Insider Buying and Selling

In related news, Director Gregory Hughes sold 1,637 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $30.25, for a total value of $49,519.25. Following the sale, the director directly owned 7,755 shares in the company, valued at $234,588.75. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.10% of the stock is owned by insiders.

Analysts Set New Price Targets

BL has been the subject of several research analyst reports. Cantor Fitzgerald lowered their target price on BlackLine from $58.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley lowered their target price on BlackLine from $68.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, April 30th. Rosenblatt Securities reduced their price target on BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Citizens Jmp restated a “market outperform” rating and set a $70.00 price target on shares of BlackLine in a report on Tuesday, April 28th. Finally, Citigroup reduced their price target on BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. Five 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 MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.67.

BlackLine Stock Performance

NASDAQ:BL opened at $28.90 on Friday. The stock has a market cap of $1.70 billion, a P/E ratio of 67.21 and a beta of 0.69. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18. The stock’s 50-day moving average is $32.89 and its 200-day moving average is $44.28. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57.

BlackLine (NASDAQ:BL) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. The company had revenue of $183.16 million for the quarter, compared to analysts’ expectations of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.The business’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. 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 research analysts anticipate that BlackLine will post 1.1 earnings per share for the current year.

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.