Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of Blackline stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $33.32, for a total value of $424,830.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, September 5th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $30.45, for a total value of $323,531.25.
  • On Tuesday, August 29th, Mario Spanicciati sold 2,125 shares of Blackline stock. The stock was sold at an average price of $30.00, for a total value of $63,750.00.
  • On Monday, August 28th, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.28, for a total value of $248,880.00.
  • On Monday, August 21st, Mario Spanicciati sold 8,500 shares of Blackline stock. The shares were sold at an average price of $29.25, for a total value of $248,625.00.
  • On Monday, August 14th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $29.88, for a total value of $317,475.00.
  • On Monday, August 7th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $30.31, for a total value of $322,043.75.
  • On Monday, July 31st, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $38.91, for a total value of $496,102.50.
  • On Friday, July 28th, Mario Spanicciati sold 4,250 shares of Blackline stock. The shares were sold at an average price of $40.00, for a total value of $170,000.00.
  • On Monday, July 24th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $37.57, for a total value of $479,017.50.
  • On Monday, July 17th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $36.93, for a total value of $470,857.50.

Blackline Inc (BL) traded down 2.28% during trading on Friday, reaching $33.88. The company’s stock had a trading volume of 881,490 shares. The company has a 50-day moving average of $34.88 and a 200 day moving average of $32.16. Blackline Inc has a one year low of $21.66 and a one year high of $36.53. The firm’s market cap is $1.78 billion.

Blackline (NASDAQ:BL) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.12. The business had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.45 million. Blackline had a negative net margin of 23.91% and a negative return on equity of 13.96%. The firm’s revenue was up 45.9% on a year-over-year basis. Analysts expect that Blackline Inc will post ($0.17) EPS for the current fiscal year.

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BL has been the subject of several research reports. BidaskClub upgraded Blackline from a “buy” rating to a “strong-buy” rating in a research note on Thursday. JMP Securities initiated coverage on Blackline in a research note on Monday, June 26th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded Blackline from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, August 9th. SunTrust Banks, Inc. initiated coverage on Blackline in a research note on Monday, June 26th. They issued a “buy” rating and a $43.00 target price for the company. Finally, ValuEngine upgraded Blackline from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.78.

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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