Quantinno Capital Management LP Grows Stake in BlackLine $BL

Quantinno Capital Management LP increased its stake in shares of BlackLine (NASDAQ:BL) by 196.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,647 shares of the technology company’s stock after purchasing an additional 27,586 shares during the period. Quantinno Capital Management LP owned 0.07% of BlackLine worth $1,541,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BL. Public Employees Retirement System of Ohio increased its stake in BlackLine by 7.8% during the 1st quarter. Public Employees Retirement System of Ohio now owns 115,536 shares of the technology company’s stock worth $4,275,000 after buying an additional 8,359 shares in the last quarter. Keebeck Wealth Management raised its holdings in shares of BlackLine by 13.5% during the first quarter. Keebeck Wealth Management now owns 8,664 shares of the technology company’s stock valued at $321,000 after acquiring an additional 1,032 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of BlackLine in the first quarter valued at approximately $17,335,000. Inceptionr LLC purchased a new position in shares of BlackLine in the first quarter valued at approximately $714,000. Finally, State of Wyoming boosted its stake in shares of BlackLine by 4.7% in the first quarter. State of Wyoming now owns 10,912 shares of the technology company’s stock worth $404,000 after acquiring an additional 486 shares during the last quarter. 95.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Gregory Hughes sold 1,637 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $30.25, for a total value of $49,519.25. Following the completion of the sale, the director owned 7,755 shares of the company’s stock, valued at $234,588.75. This represents a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 directly owned 16,692 shares of the company’s stock, valued at approximately $475,388.16. This trade represents a 15.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 9.10% of the company’s stock.

BlackLine Price Performance

NASDAQ:BL opened at $28.42 on Thursday. BlackLine has a one year low of $24.70 and a one year high of $59.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.72 and a current ratio of 1.72. The stock has a market cap of $1.65 billion, a PE ratio of 49.86, a P/E/G ratio of 1.86 and a beta of 0.64. The stock has a 50 day moving average price of $29.03 and a 200 day moving average price of $33.17.

BlackLine (NASDAQ:BL) last posted its quarterly 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. BlackLine had a return on equity of 20.89% and a net margin of 4.75%.The business had revenue of $187.82 million for the quarter, compared to analyst estimates of $186.99 million. During the same quarter in the previous year, the firm earned $0.51 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. BlackLine has set its FY 2026 guidance at 2.470-2.540 EPS and its Q3 2026 guidance at 0.620-0.650 EPS. Equities research analysts expect that BlackLine will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BL shares. Weiss Ratings raised BlackLine from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. Rosenblatt Securities lowered their target price on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Bank of America began coverage on shares of BlackLine in a report on Tuesday, May 12th. They set an “underperform” rating and a $26.00 target price for the company. Truist Financial reduced their target price on shares of BlackLine from $50.00 to $32.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Finally, DA Davidson set a $30.00 price target on shares of BlackLine in a research note on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, BlackLine currently has an average rating of “Hold” and an average target price of $40.08.

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.