Blackline Inc (NASDAQ:BL) insider Mario Spanicciati sold 12,750 shares of Blackline stock in a transaction on Monday, November 6th. The stock was sold at an average price of $35.18, for a total transaction of $448,545.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • 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 transaction of $446,887.50.
  • On Wednesday, October 25th, Mario Spanicciati sold 2,125 shares of Blackline stock. The shares were sold at an average price of $35.00, for a total transaction of $74,375.00.
  • On Monday, October 23rd, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $34.06, for a total transaction 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 transaction 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 transaction of $355,831.25.
  • On Monday, October 2nd, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $34.14, for a total transaction of $362,737.50.
  • On Monday, September 25th, Mario Spanicciati sold 10,625 shares of Blackline stock. The stock was sold at an average price of $33.01, for a total transaction of $350,731.25.
  • On Monday, September 18th, Mario Spanicciati sold 10,625 shares of Blackline stock. The shares were sold at an average price of $32.99, for a total transaction of $350,518.75.
  • On Tuesday, September 12th, Mario Spanicciati sold 12,750 shares of Blackline stock. The shares were sold at an average price of $33.32, for a total transaction of $424,830.00.
  • 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 transaction of $323,531.25.

Blackline Inc (NASDAQ:BL) opened at $34.62 on Wednesday. Blackline Inc has a one year low of $21.88 and a one year high of $40.28.

Blackline (NASDAQ:BL) last posted its earnings results on Thursday, November 2nd. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.18. The firm had revenue of $45.90 million during 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 8.03%. The company’s revenue was up 42.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. sell-side analysts expect that Blackline Inc will post -0.42 earnings per share for the current year.

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A number of research firms have recently weighed in on BL. BidaskClub lowered shares of Blackline from a “buy” rating to a “hold” rating in a research note on Saturday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $42.00 price objective on shares of Blackline in a report on Friday, November 3rd. Robert W. Baird set a $42.00 price target on shares of Blackline and gave the company a “buy” rating in a research report on Sunday, October 1st. KeyCorp reiterated a “buy” rating and set a $39.00 price target on shares of Blackline in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of Blackline from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Wednesday, August 9th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $36.53.

Large investors have recently modified their holdings of the business. Fortaleza Asset Management Inc. grew its position in Blackline by 98.2% in the third quarter. Fortaleza Asset Management Inc. now owns 6,215 shares of the technology company’s stock valued at $212,000 after acquiring an additional 3,080 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Blackline by 20.3% during the 3rd quarter. Rhumbline Advisers now owns 15,254 shares of the technology company’s stock valued at $520,000 after buying an additional 2,570 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Blackline by 28.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 54,803 shares of the technology company’s stock valued at $1,870,000 after buying an additional 12,121 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Blackline by 483.5% during the 3rd quarter. New York State Common Retirement Fund now owns 77,017 shares of the technology company’s stock valued at $2,628,000 after buying an additional 63,817 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Blackline by 136.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 204,938 shares of the technology company’s stock valued at $6,992,000 after buying an additional 118,255 shares during the last quarter. 78.82% of the stock is owned by institutional investors.

Blackline Company Profile

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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