Jefferies Financial Group Inc. Sells 1,138,800 Shares of BlackLine $BL

Jefferies Financial Group Inc. decreased its position in shares of BlackLine (NASDAQ:BL) by 99.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,200 shares of the technology company’s stock after selling 1,138,800 shares during the quarter. Jefferies Financial Group Inc.’s holdings in BlackLine were worth $314,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BL. Public Employees Retirement System of Ohio acquired a new position in shares of BlackLine in the 2nd quarter valued at approximately $1,576,000. Bank of America Corp DE acquired a new position in BlackLine during the second quarter valued at approximately $27,532,000. Fund 1 Investments LLC acquired a new position in BlackLine during the second quarter valued at approximately $3,509,000. Jupiter Topco LLC bought a new stake in BlackLine during the second quarter worth $409,000. Finally, Legal & General Group Plc acquired a new stake in shares of BlackLine in the 2nd quarter valued at $3,036,000. 95.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BL has been the subject of several recent analyst reports. Piper Sandler dropped their price objective on BlackLine from $37.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Weiss Ratings raised shares of BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. Robert W. Baird set a $35.00 price target on shares of BlackLine in a report on Wednesday, August 5th. Citigroup dropped their price objective on shares of BlackLine from $60.00 to $53.00 and set a “buy” rating for the company in a research note on Thursday, May 7th. Finally, BMO Capital Markets boosted their target price on shares of BlackLine from $34.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $40.08.

BlackLine Stock Performance

NASDAQ BL opened at $33.22 on Tuesday. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 58.28, a PEG ratio of 2.19 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. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The stock has a fifty day simple moving average of $30.03 and a 200 day simple moving average of $31.74.

BlackLine (NASDAQ:BL) last announced its earnings results on Tuesday, August 4th. The technology company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $187.82 million for the quarter, compared to the consensus estimate of $186.99 million. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Sell-side analysts expect that BlackLine will post 0.98 EPS for the current year.

Insider Buying and Selling

In other BlackLine news, Director Mika Yamamoto sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $28.48, for a total transaction of $85,440.00. Following the completion of the transaction, the director owned 16,692 shares in the company, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michelle D. 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 transaction of $26,247.00. Following the completion of the transaction, the chief accounting officer owned 34,712 shares in the company, valued at $1,168,058.80. This trade represents a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 73,780 shares of company stock valued at $2,348,887 over the last ninety days. 9.10% of the stock is owned by company insiders.

BlackLine 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.