BlackLine (NASDAQ:BL) Director Mika Yamamoto Sells 3,000 Shares of Stock

BlackLine (NASDAQ:BL) Director Mika Yamamoto sold 3,000 shares of BlackLine stock in a transaction on Friday, June 5th. The shares were sold at an average price of $28.48, for a total value of $85,440.00. Following the transaction, the director owned 16,692 shares of the company’s stock, valued at $475,388.16. The trade was a 15.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

BlackLine Trading Down 1.6%

BlackLine stock opened at $28.20 on Tuesday. BlackLine has a 12 month low of $24.70 and a 12 month high of $59.57. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 65.58 and a beta of 0.66. The business’s fifty day simple moving average is $30.94 and its two-hundred day simple moving average is $42.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 2.18.

BlackLine (NASDAQ:BL) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.11. The firm had revenue of $183.16 million during the quarter, compared to analyst estimates of $181.00 million. BlackLine had a return on equity of 18.86% and a net margin of 3.71%.BlackLine’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. 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.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BL shares. Wall Street Zen downgraded shares of BlackLine from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 17th. Rosenblatt Securities decreased their price objective on shares of BlackLine from $46.00 to $45.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Morgan Stanley lowered their price objective on BlackLine from $68.00 to $50.00 and set an “overweight” rating on the stock in a research report on Thursday, April 30th. Cantor Fitzgerald cut their target price on BlackLine from $58.00 to $50.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 11th. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $70.00 target price on shares of BlackLine in a report on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, BlackLine currently has a consensus rating of “Hold” and a consensus target price of $43.67.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in shares of BlackLine by 22.9% in the 3rd quarter. Bessemer Group Inc. now owns 989 shares of the technology company’s stock worth $53,000 after purchasing an additional 184 shares in the last quarter. Blue Trust Inc. lifted its position in BlackLine by 3.7% during the fourth quarter. Blue Trust Inc. now owns 7,157 shares of the technology company’s stock valued at $396,000 after purchasing an additional 256 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in BlackLine by 15.9% during the third quarter. PNC Financial Services Group Inc. now owns 2,198 shares of the technology company’s stock valued at $117,000 after purchasing an additional 301 shares in the last quarter. Two Sigma Securities LLC grew its holdings in BlackLine by 4.7% during the second quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company’s stock valued at $377,000 after purchasing an additional 301 shares during the period. Finally, Franklin Resources Inc. grew its holdings in BlackLine by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 5,335 shares of the technology company’s stock valued at $295,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 95.13% of the company’s stock.

BlackLine Company 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.