Key Points
- BlackLine director Mika Yamamoto sold 3,000 shares on June 5 at an average price of $28.48, totaling $85,440. After the sale, she still held 16,692 shares, reducing her ownership by 15.23%.
- The company recently beat earnings expectations, reporting Q1 EPS of $0.56 versus the $0.45 consensus estimate and revenue of $183.16 million, up 9.7% year over year.
- Wall Street sentiment is mixed, with analysts splitting between buy and hold ratings; the average target price sits at $43.67, well above BlackLine’s recent share price near $28.
BlackLine (NASDAQ:BL - Get Free Report) Director Mika Yamamoto sold 3,000 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was 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 $475,388.16. This represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
BlackLine Price Performance
Shares of NASDAQ:BL opened at $28.20 on Tuesday. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.70 and a quick ratio of 1.70. BlackLine has a 1-year low of $24.70 and a 1-year high of $59.57. The company has a market capitalization of $1.65 billion, a P/E ratio of 65.58 and a beta of 0.66. The firm's 50 day simple moving average is $30.94 and its two-hundred day simple moving average is $42.16.
BlackLine (NASDAQ:BL - Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.11. The firm had revenue of $183.16 million during the quarter, compared to analysts' expectations of $181.00 million. BlackLine had a net margin of 3.71% and a return on equity of 18.86%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company 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. Research analysts expect that BlackLine will post 1.1 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. Citigroup decreased their price target on BlackLine from $60.00 to $53.00 and set a "buy" rating on the stock in a report on Thursday, May 7th. Raymond James Financial reaffirmed an "outperform" rating and issued a $50.00 price objective on shares of BlackLine in a research note on Wednesday, May 6th. Truist Financial cut their target price on BlackLine from $50.00 to $32.00 and set a "hold" rating for the company in a research report on Thursday, May 7th. 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. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of BlackLine in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $43.67.
View Our Latest Research Report on BlackLine
Institutional Investors Weigh In On BlackLine
Several institutional investors have recently modified their holdings of the stock. Ananym Capital Management LP boosted its stake in BlackLine by 37.5% during the third quarter. Ananym Capital Management LP now owns 442,511 shares of the technology company's stock worth $23,497,000 after buying an additional 120,590 shares during the period. Segall Bryant & Hamill LLC increased its position in BlackLine by 11.3% during the third quarter. Segall Bryant & Hamill LLC now owns 338,959 shares of the technology company's stock valued at $17,999,000 after acquiring an additional 34,499 shares during the last quarter. Public Sector Pension Investment Board raised its stake in shares of BlackLine by 15.0% in the third quarter. Public Sector Pension Investment Board now owns 202,803 shares of the technology company's stock valued at $10,769,000 after acquiring an additional 26,437 shares during the period. Cinctive Capital Management LP raised its stake in shares of BlackLine by 26.4% in the third quarter. Cinctive Capital Management LP now owns 152,856 shares of the technology company's stock valued at $8,117,000 after acquiring an additional 31,919 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of BlackLine by 5,776.8% in the 4th quarter. Teacher Retirement System of Texas now owns 475,665 shares of the technology company's stock worth $26,300,000 after acquiring an additional 467,571 shares during the last quarter. 95.13% of the stock is owned by institutional investors.
About BlackLine
(
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.
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