BlackLine (NASDAQ:BL) Director Sells $50,050.00 in Stock

Key Points

• Thomas Unterman, a director at BlackLine, sold 910 shares of the company's stock for a total of $50,050, representing a 2.08% decrease in his ownership.
• BlackLine's latest earnings report indicated an earnings per share (EPS) of $0.51, surpassing analysts' expectations, with a year-over-year revenue increase of 7.2%.
• The company's stock has a current market capitalization of $3.33 billion and recent trading performance shows a 1-year high of $66.25 and a low of $40.82.

BlackLine (NASDAQ:BL - Get Free Report) Director Thomas Unterman sold 910 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $55.00, for a total value of $50,050.00. Following the completion of the transaction, the director directly owned 42,745 shares in the company, valued at approximately $2,350,975. This represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Thomas Unterman also recently made the following trade(s):

• On Thursday, August 28th, Thomas Unterman sold 910 shares of BlackLine stock. The stock was sold at an average price of $55.00, for a total value of $50,050.00.
• On Monday, July 21st, Thomas Unterman sold 885 shares of BlackLine stock. The stock was sold at an average price of $56.70, for a total value of $50,179.50.

BlackLine Price Performance

NASDAQ BL traded down $0.56 during trading hours on Wednesday, reaching $53.81. The company's stock had a trading volume of 443,973 shares, compared to its average volume of 658,584. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 8.92 and a beta of 0.95. BlackLine has a 1 year low of $40.82 and a 1 year high of $66.25. The firm's 50-day moving average price is $53.67 and its 200-day moving average price is $52.36. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.61.

BlackLine (NASDAQ:BL - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The technology company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $172.03 million for the quarter, compared to analysts' expectations of $170.87 million. BlackLine had a return on equity of 15.95% and a net margin of 13.05%.The company's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS. BlackLine has set its FY 2025 guidance at 2.130-2.240 EPS. Q3 2025 guidance at 0.480-0.510 EPS. On average, equities research analysts predict that BlackLine will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BL. Cantor Fitzgerald began coverage on BlackLine in a report on Tuesday, June 3rd. They set a "neutral" rating and a $58.00 price objective on the stock. DA Davidson reaffirmed a "neutral" rating and set a $56.00 price objective on shares of BlackLine in a report on Wednesday, August 6th. Morgan Stanley upped their price objective on BlackLine from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Zacks Research raised BlackLine to a "strong sell" rating in a report on Friday, August 8th. Finally, Raymond James Financial raised BlackLine from a "market perform" rating to an "outperform" rating and set a $67.00 price objective on the stock in a report on Tuesday, July 29th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, BlackLine presently has a consensus rating of "Hold" and an average target price of $60.58.

Hedge Funds Weigh In On BlackLine

Several large investors have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of BlackLine by 9.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 2,618 shares of the technology company's stock valued at $148,000 after purchasing an additional 225 shares during the last quarter. Xponance Inc. grew its position in BlackLine by 6.8% in the 1st quarter. Xponance Inc. now owns 4,422 shares of the technology company's stock valued at $214,000 after acquiring an additional 280 shares during the last quarter. Victory Capital Management Inc. grew its position in BlackLine by 1.6% in the 1st quarter. Victory Capital Management Inc. now owns 17,967 shares of the technology company's stock valued at $870,000 after acquiring an additional 285 shares during the last quarter. Two Sigma Securities LLC grew its position in BlackLine by 4.7% in the 2nd quarter. Two Sigma Securities LLC now owns 6,664 shares of the technology company's stock valued at $377,000 after acquiring an additional 301 shares during the last quarter. Finally, Hsbc Holdings PLC grew its position in BlackLine by 3.8% in the 1st quarter. Hsbc Holdings PLC now owns 8,410 shares of the technology company's stock valued at $405,000 after acquiring an additional 305 shares during the last quarter. Institutional investors own 95.13% of the company's stock.

BlackLine Company Profile

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.

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