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

BlackLine (NASDAQ:BL) Director Mika Yamamoto sold 3,000 shares of the 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 sale, the director owned 16,692 shares in the company, valued at $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

BlackLine Stock Performance

Shares of BL stock opened at $28.34 on Wednesday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70. The company has a market capitalization of $1.66 billion, a P/E ratio of 65.91 and a beta of 0.66. The company’s 50 day moving average price is $30.79 and its two-hundred day moving average price is $41.98. BlackLine has a 52 week low of $24.70 and a 52 week high of $59.57.

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

Hedge Funds Weigh In On BlackLine

Several hedge funds and other institutional investors have recently made changes to their positions in BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BlackLine by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company’s stock valued at $1,679,000 after buying an additional 1,814 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 valued at $7,978,000 after buying an additional 7,228 shares in the last quarter. Intech Investment Management LLC grew its stake in shares of BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company’s stock valued at $1,253,000 after buying an additional 5,682 shares in the last quarter. Strs Ohio bought a new position in shares of BlackLine in the first quarter valued at $82,000. Finally, Invesco Ltd. grew its stake in shares of BlackLine by 36.6% in the second quarter. Invesco Ltd. now owns 235,263 shares of the technology company’s stock valued at $13,321,000 after buying an additional 63,068 shares in the last quarter. 95.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on BL shares. Bank of America started coverage on shares of BlackLine in a report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 target price on the stock. Citizens Jmp restated a “market outperform” rating and set a $70.00 target price on shares of BlackLine in a report on Tuesday, April 28th. Wall Street Zen downgraded shares of BlackLine from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 17th. Raymond James Financial restated an “outperform” rating and set a $50.00 target price on shares of BlackLine in a report on Wednesday, May 6th. Finally, Rosenblatt Securities dropped their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.