Cinctive Capital Management LP Buys 31,919 Shares of BlackLine $BL

Cinctive Capital Management LP increased its stake in shares of BlackLine (NASDAQ:BL) by 26.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 152,856 shares of the technology company’s stock after purchasing an additional 31,919 shares during the period. Cinctive Capital Management LP owned approximately 0.26% of BlackLine worth $8,117,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BL. Federated Hermes Inc. raised its stake in BlackLine by 228.3% during the 3rd quarter. Federated Hermes Inc. now owns 134,524 shares of the technology company’s stock valued at $7,143,000 after buying an additional 93,544 shares during the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of BlackLine in the 3rd quarter worth $2,230,000. Advantage Alpha Capital Partners LP boosted its stake in shares of BlackLine by 9.9% in the 2nd quarter. Advantage Alpha Capital Partners LP now owns 82,601 shares of the technology company’s stock worth $4,677,000 after buying an additional 7,470 shares during the last quarter. Gagnon Securities LLC grew its holdings in shares of BlackLine by 10.6% in the third quarter. Gagnon Securities LLC now owns 278,919 shares of the technology company’s stock worth $14,811,000 after acquiring an additional 26,678 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of BlackLine in the third quarter worth $1,101,000. Institutional investors own 95.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating and issued a $68.00 target price on shares of BlackLine in a report on Wednesday, February 11th. Weiss Ratings downgraded BlackLine from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 9th. Citigroup reduced their price target on shares of BlackLine from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. Piper Sandler upgraded shares of BlackLine to a “hold” rating in a research note on Monday, February 2nd. Finally, Wall Street Zen raised shares of BlackLine from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, BlackLine presently has a consensus rating of “Hold” and an average price target of $56.00.

BlackLine Price Performance

NASDAQ BL opened at $36.88 on Friday. The business’s fifty day moving average is $44.26 and its 200 day moving average is $51.13. BlackLine has a fifty-two week low of $31.75 and a fifty-two week high of $59.57. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market capitalization of $2.20 billion, a PE ratio of 92.20, a price-to-earnings-growth ratio of 2.67 and a beta of 0.90.

BlackLine (NASDAQ:BL) last issued its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.05. BlackLine had a return on equity of 18.14% and a net margin of 3.50%.The business had revenue of $183.18 million during the quarter, compared to analysts’ expectations of $182.98 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. BlackLine has set its Q1 2026 guidance at 0.440-0.460 EPS and its FY 2026 guidance at 2.370-2.480 EPS. Sell-side analysts predict that BlackLine will post 0.9 earnings per share for the current year.

BlackLine Profile

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.