BlackLine (BL) Projected to Post Quarterly Earnings on Tuesday

Key Points

• BlackLine is expected to announce its Q2 2025 earnings on August 5th, with analysts predicting earnings of $0.50 per share and $170.87 million in revenue.
• The company's stock currently has a market capitalization of $3.47 billion and has received a mix of ratings, including some analysts issuing sell and hold ratings, with a consensus target price of $60.31.
• Recent insider transactions show that executives have sold shares, with CAO Michelle D. Stalick reducing her position by 3.05% and CRO Mark Woodhams reducing his position by 2.93%.

BlackLine (NASDAQ:BL - Get Free Report) is expected to be releasing its Q2 2025 earnings data before the market opens on Tuesday, August 5th. Analysts expect BlackLine to post earnings of $0.50 per share and revenue of $170.87 million for the quarter.

BlackLine Stock Down 1.6%

BL stock traded down $0.85 during trading hours on Friday, hitting $52.93. The company's stock had a trading volume of 632,380 shares, compared to its average volume of 726,729. The stock has a 50 day moving average price of $56.03 and a two-hundred day moving average price of $53.28. BlackLine has a 12 month low of $40.82 and a 12 month high of $66.25. The company has a market capitalization of $3.30 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 9.11 and a beta of 0.93. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.59.

Insider Activity at BlackLine

In other news, CAO Michelle D. Stalick sold 795 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $55.14, for a total transaction of $43,836.30. Following the transaction, the chief accounting officer directly owned 25,235 shares in the company, valued at $1,391,457.90. The trade was a 3.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Mark Woodhams sold 1,856 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $54.65, for a total transaction of $101,430.40. Following the completion of the sale, the executive directly owned 61,390 shares in the company, valued at approximately $3,354,963.50. The trade was a 2.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company's stock.

Hedge Funds Weigh In On BlackLine

Large investors have recently made changes to their positions in the company. Strs Ohio bought a new stake in BlackLine during the first quarter worth $82,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of BlackLine by 5.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,670 shares of the technology company's stock worth $1,679,000 after buying an additional 1,814 shares during the last quarter. Intech Investment Management LLC boosted its stake in BlackLine by 28.1% in the first quarter. Intech Investment Management LLC now owns 25,883 shares of the technology company's stock valued at $1,253,000 after buying an additional 5,682 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of BlackLine by 4.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 164,763 shares of the technology company's stock worth $7,978,000 after acquiring an additional 7,228 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on BL shares. The Goldman Sachs Group cut their price objective on shares of BlackLine from $51.00 to $43.00 and set a "sell" rating for the company in a research report on Thursday, April 17th. DA Davidson raised BlackLine to a "strong-buy" rating in a report on Tuesday, July 22nd. Citigroup reaffirmed a "buy" rating and issued a $67.00 price target (up previously from $58.00) on shares of BlackLine in a report on Wednesday, July 16th. Truist Financial upped their price target on BlackLine from $40.00 to $45.00 and gave the company a "hold" rating in a report on Thursday, May 8th. Finally, Wall Street Zen cut BlackLine from a "buy" rating to a "hold" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, BlackLine currently has an average rating of "Hold" and a consensus target price of $60.79.

About BlackLine

BlackLine, Inc operates a cloud-based software platform which is designed to transform accounting and finance operations for organizations of all types and sizes. Its scalable platform supports critical accounting processes such as the financial close, account reconciliations, intercompany accounting, and controls assurance.