Key Points
- Director Gregory Hughes sold 1,637 BlackLine shares on May 21 at an average price of $30.25, totaling about $49,519. After the sale, he still held 7,755 shares, a 17.43% reduction in his position.
- BlackLine recently beat earnings expectations, reporting $0.56 EPS versus the $0.45 consensus and revenue of $183.16 million, up 9.7% year over year. The company also issued FY2026 guidance of $2.42 to $2.53 EPS.
- Analysts remain cautious overall despite some positive ratings, with MarketBeat showing a consensus Hold and an average price target of $43.67. BlackLine shares were trading near $28.90, well below their 52-week high of $59.57.
BlackLine (NASDAQ:BL - Get Free Report) Director Gregory Hughes sold 1,637 shares of the company's stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $30.25, for a total transaction of $49,519.25. Following the completion of the transaction, the director owned 7,755 shares of the company's stock, valued at approximately $234,588.75. This trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
BlackLine Trading Down 0.1%
Shares of BlackLine stock opened at $28.90 on Friday. The firm has a 50-day simple moving average of $32.89 and a two-hundred day simple moving average of $44.28. The company has a market cap of $1.70 billion, a P/E ratio of 67.21 and a beta of 0.69. BlackLine has a fifty-two week low of $24.70 and a fifty-two week high of $59.57. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.70 and a current ratio of 1.70.
BlackLine (NASDAQ:BL - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. The business had revenue of $183.16 million during 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 company's revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. BlackLine has set its FY 2026 guidance at 2.420-2.530 EPS and its Q2 2026 guidance at 0.570-0.590 EPS. As a group, equities analysts predict that BlackLine will post 1.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of BL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company's stock worth $1,679,000 after purchasing an additional 1,814 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of BlackLine by 4.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company's stock worth $7,978,000 after purchasing an additional 7,228 shares during the last quarter. Intech Investment Management LLC raised its position in shares of BlackLine by 28.1% during the 1st quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company's stock worth $1,253,000 after purchasing an additional 5,682 shares during the last quarter. Strs Ohio acquired a new position in shares of BlackLine during the 1st quarter worth about $82,000. Finally, Invesco Ltd. raised its position in shares of BlackLine by 36.6% during the 2nd quarter. Invesco Ltd. now owns 235,263 shares of the technology company's stock worth $13,321,000 after purchasing an additional 63,068 shares during the last quarter. Institutional investors and hedge funds own 95.13% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. BMO Capital Markets upped their price objective on shares of BlackLine from $34.00 to $36.00 and gave the stock a "market perform" rating in a research report on Wednesday, May 6th. Citigroup decreased their price objective on shares of BlackLine from $60.00 to $53.00 and set a "buy" rating for the company in a research report on Thursday, May 7th. Robert W. Baird set a $40.00 price objective on shares of BlackLine in a research report on Wednesday, May 6th. Cantor Fitzgerald decreased their price objective on shares of BlackLine from $58.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, February 11th. 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 research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.67.
Get Our Latest Stock Analysis on BL
BlackLine Company Profile
(
Get Free Report)
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.
Further Reading
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