Oppenheimer Asset Management Inc. Decreases Stock Position in BlackLine $BL

Oppenheimer Asset Management Inc. lowered its stake in BlackLine (NASDAQ:BL) by 81.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,901 shares of the technology company’s stock after selling 22,030 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BlackLine were worth $271,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Pacific Park Financial Inc. purchased a new stake in BlackLine in the 4th quarter worth $372,000. ST Germain D J Co. Inc. purchased a new stake in shares of BlackLine during the 4th quarter valued at about $175,000. Teacher Retirement System of Texas raised its position in shares of BlackLine by 5,776.8% during the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company’s stock valued at $26,300,000 after buying an additional 467,571 shares in the last quarter. TD Waterhouse Canada Inc. purchased a new stake in shares of BlackLine during the 4th quarter valued at about $525,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BlackLine by 8.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,736 shares of the technology company’s stock valued at $870,000 after buying an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Stock Down 1.7%

Shares of NASDAQ BL opened at $30.63 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.47 and a debt-to-equity ratio of 2.18. BlackLine has a 12-month low of $28.78 and a 12-month high of $59.57. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 71.23, a P/E/G ratio of 2.19 and a beta of 0.69. The firm’s 50-day moving average price is $34.59 and its 200-day moving average price is $46.24.

BlackLine (NASDAQ:BL) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share 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 company had revenue of $183.16 million for the quarter, compared to analyst estimates of $181.00 million. During the same period in the prior year, the company posted $0.49 EPS. The firm’s revenue for the quarter 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 research analysts anticipate that BlackLine will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

BL has been the topic of several recent research reports. Citigroup decreased their target price on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial decreased their target price on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating on the stock in a research report on Thursday. Cantor Fitzgerald decreased their target price on shares of BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 11th. Piper Sandler upped their target price on shares of BlackLine from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Robert W. Baird set a $40.00 target price on shares of BlackLine in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $45.27.

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.