BlackLine (NASDAQ:BL) Price Target Cut to $30.00 by Analysts at Piper Sandler

BlackLine (NASDAQ:BL) had its price objective cut by stock analysts at Piper Sandler from $35.00 to $30.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Piper Sandler‘s price target would suggest a potential downside of 10.90% from the stock’s previous close.

A number of other research analysts also recently commented on BL. Wall Street Zen downgraded BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 25th. Morgan Stanley downgraded BlackLine from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $50.00 to $33.00 in a research note on Tuesday, July 21st. Weiss Ratings reiterated a “sell (d+)” rating on shares of BlackLine in a report on Monday, October 26th. Robert W. Baird set a $35.00 price target on BlackLine in a research note on Wednesday, August 5th. Finally, DA Davidson downgraded BlackLine from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $30.00 to $23.00 in a report on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, BlackLine currently has an average rating of “Hold” and a consensus target price of $39.08.

BlackLine Trading Down 2.1%

Shares of NASDAQ:BL opened at $33.67 on Friday. The firm has a fifty day moving average of $30.50 and a two-hundred day moving average of $32.71. 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 12-month low of $24.70 and a 12-month high of $59.57. The firm has a market capitalization of $1.96 billion, a P/E ratio of 59.07, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Thursday, November 5th. The technology company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. BlackLine had a net margin of 4.75% and a return on equity of 20.89%. The business had revenue of $193.40 million for the quarter, compared to the consensus estimate of $194.17 million. During the same period in the prior year, the business posted $0.51 earnings per share. BlackLine’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities analysts expect that BlackLine will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other BlackLine news, Director Therese Tucker sold 70,000 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $31.96, for a total transaction of $2,237,200.00. Following the transaction, the director directly owned 381,557 shares in the company, valued at $12,194,561.72. This trade represents a 15.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michelle D. Stalick sold 780 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $33.65, for a total value of $26,247.00. Following the transaction, the chief accounting officer owned 34,712 shares in the company, valued at approximately $1,168,058.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 9.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BL. ICONIQ Capital LLC bought a new position in shares of BlackLine in the 2nd quarter valued at approximately $58,584,000. Hawk Ridge Capital Management LP lifted its holdings in BlackLine by 26.3% in the 1st quarter. Hawk Ridge Capital Management LP now owns 1,890,823 shares of the technology company’s stock worth $69,960,000 after purchasing an additional 393,192 shares during the last quarter. Engaged Capital LLC lifted its holdings in BlackLine by 26.2% in the 1st quarter. Engaged Capital LLC now owns 1,367,619 shares of the technology company’s stock worth $50,602,000 after purchasing an additional 284,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in BlackLine by 20.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,063,655 shares of the technology company’s stock worth $39,354,000 after purchasing an additional 181,577 shares during the period. Finally, Bank of America Corp DE bought a new stake in BlackLine during the second quarter worth approximately $27,532,000. Institutional investors and hedge funds own 95.13% of the company’s stock.

More BlackLine News

Here are the key news stories impacting BlackLine this week:

• Positive Sentiment: BlackLine earned $0.64 per share, narrowly exceeding the $0.63 analyst consensus and rising from $0.51 a year earlier. Revenue increased 8.5% year over year. BlackLine Q3 Earnings Top Estimates
• Negative Sentiment: Quarterly revenue of $193.4 million was below the $194.17 million consensus estimate. More importantly, BlackLine projected 2026 revenue of $759.5 million to $761.5 million, slightly below expectations. Management cited longer deal cycles and slower Agentic AI consumption, raising concerns about near-term sales momentum. BlackLine 2026 Revenue Outlook

About BlackLine

BlackLine, Inc provides cloud-based financial operations and accounting automation software for businesses. Its platform is designed to help accounting and finance teams manage, standardize and automate processes that traditionally rely on spreadsheets, manual data entry and disconnected systems.

The company’s products support financial close and consolidation, account reconciliations, transaction matching, intercompany accounting, accounts receivable automation and invoice-to-cash workflows.