BlackLine (NASDAQ:BL) CAO Michelle Stalick Sells 780 Shares of Stock

BlackLine (NASDAQ:BL) CAO Michelle Stalick sold 780 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $33.65, for a total value of $26,247.00. Following the completion of the transaction, the chief accounting officer directly owned 34,712 shares in the company, valued at approximately $1,168,058.80. This represents a 2.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

BlackLine Stock Performance

Shares of NASDAQ:BL opened at $32.98 on Friday. BlackLine has a twelve month low of $24.70 and a twelve month high of $59.57. The firm has a market cap of $1.92 billion, a PE ratio of 57.86, a price-to-earnings-growth ratio of 2.24 and a beta of 0.64. 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 business has a fifty day moving average of $29.89 and a 200-day moving average of $31.89.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America started coverage on shares of BlackLine in a research report on Tuesday, May 12th. They issued an “underperform” rating and a $26.00 price objective for the company. BMO Capital Markets lifted their target price on BlackLine from $34.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Piper Sandler decreased their price target on BlackLine from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price objective on shares of BlackLine in a research report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, BlackLine currently has a consensus rating of “Hold” and a consensus price target of $40.08.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BL. California State Teachers Retirement System increased its holdings in BlackLine by 2,636.3% in the second quarter. California State Teachers Retirement System now owns 1,711,316 shares of the technology company’s stock valued at $48,037,000 after purchasing an additional 1,648,775 shares during the last quarter. AXQ Capital LP acquired a new position in shares of BlackLine during the 2nd quarter worth about $325,000. Empowered Funds LLC bought a new stake in shares of BlackLine in the 2nd quarter valued at about $220,000. Public Employees Retirement System of Ohio acquired a new stake in shares of BlackLine in the 2nd quarter valued at approximately $1,576,000. Finally, Bank of America Corp DE bought a new position in BlackLine during the 2nd quarter worth approximately $27,532,000. 95.13% of the stock is currently owned by institutional investors.

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.