Mario Spanicciati Sells 12,750 Shares of Blackline Inc (BL) Stock

Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $35.87, for a total value of $457,342.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Mario Spanicciati also recently made the following trade(s):

  • On Monday, November 27th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $38.17, for a total value of $486,667.50.
  • On Monday, November 20th, Mario Spanicciati sold 12,750 shares of Blackline stock. The stock was sold at an average price of $36.79, for a total value of $469,072.50.
  • On Monday, November 13th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.45, for a total value of $451,987.50.
  • On Monday, November 6th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.18, for a total value of $448,545.00.
  • On Monday, October 30th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $35.05, for a total value of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $35.00, for a total value of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $34.06, for a total value of $361,887.50.
  • On Monday, October 16th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $33.57, for a total value of $356,681.25.
  • On Monday, October 9th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.49, for a total value of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.14, for a total transaction of $362,737.50.

Shares of Blackline Inc (BL) opened at $33.23 on Thursday. Blackline Inc has a twelve month low of $24.14 and a twelve month high of $40.28.

Blackline (NASDAQ:BL) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.18. The business had revenue of $45.90 million for the quarter, compared to the consensus estimate of $44.07 million. Blackline had a negative net margin of 29.53% and a negative return on equity of 8.00%. The business’s revenue for the quarter was up 42.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. sell-side analysts expect that Blackline Inc will post -0.42 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on BL. BidaskClub upgraded shares of Blackline from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Wednesday, August 9th. Robert W. Baird set a $42.00 price target on shares of Blackline and gave the company a “buy” rating in a report on Sunday, October 1st. KeyCorp reaffirmed a “buy” rating and set a $39.00 price target on shares of Blackline in a research note on Friday, September 22nd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $42.00 price target on shares of Blackline in a research note on Friday, November 3rd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Blackline presently has an average rating of “Buy” and an average price target of $38.74.

Several hedge funds have recently added to or reduced their stakes in BL. Fortaleza Asset Management Inc. increased its position in Blackline by 98.2% during the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock worth $212,000 after purchasing an additional 3,080 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of Blackline in the 3rd quarter valued at $246,000. First Republic Investment Management Inc. acquired a new position in shares of Blackline in the 3rd quarter valued at $257,000. PEAK6 Investments L.P. acquired a new position in shares of Blackline in the 3rd quarter valued at $267,000. Finally, American International Group Inc. increased its holdings in shares of Blackline by 53.5% in the 3rd quarter. American International Group Inc. now owns 10,455 shares of the technology company’s stock valued at $357,000 after acquiring an additional 3,646 shares during the period. 79.28% of the stock is currently owned by institutional investors and hedge funds.

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About Blackline

BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.

Insider Buying and Selling by Quarter for Blackline (NASDAQ:BL)

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